Consumers are being advised to check the advice that advisers give them! The FSA re-enforces the view that they think all advisers are bent, it seems. So investors will need to be as experienced and knowledgable as advisers so that they can ensure the advice is not biased in order to maximise commissions OR FEES! Yes, fees are being criticised already – a sure sign that the RDR proposals were very well thought through….
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