Advice restricted to ‘passive investments’ cannot be called independent, says FSA – OUT-LAW.com

Posted February 14th, 2013 in financial advice, financial regulation, news, regulations by sally

“Financial advisers cannot be said to be ‘independent’ if they offer retail investment advice to clients based solely on their assessment of ‘passive investments’, the Financial Services Authority (FSA) has said.”

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OUT-LAW.com, 13th February 2013

Source: www.out-law.com