Changes To The Way You Receive Financial Advice
The Financial Services Authority (FSA) has published a checklist for investors explaining changes to the way they get financial advice, ahead of the implementation of the Retail Distribution Review (RDR) on 31st December.
The changes to financial advice include clearer charges, clearer services and more professional advice.
Click the read more link below to see the changes in full.
The FSA checklist explains that every financial adviser will need to subscribe to the FSA code of practice, hold a higher standard of professional qualification for giving financial advice, spend at least 35 hours a year on continuing professional development, and hold a Statement of Professional Standing (SPS) as evidence they are meeting the new standards.
We are committed as a business to continuing to deliver independent financial advice, as we believe this represents the gold standard of advice and is what our clients deserve to receive.
If you have any questions about the Retail Distribution Review and the changes to the way you get financial advice, please do get in touch.