The Financial Services Authority (FSA) has recently publicised its proposed changes to the way that financial advisers must operate from 31st December 2012.
The FSA has been working with firms, advisers, consumer groups and industry experts to improve how investment products and services are recommended to potential investors. This process was called the Retail Distribution Review (RDR).
You can find out more from the FSA website by clicking here. Please note that Loughtons Independent Financial Advisers is not responsible for the content of external websites.
We have also written a brief guide to the retail distribution review, available here or by visiting the guides section of our website.
What has Loughtons done to prepare for these changes?
Whilst some advisers and firms have had a ‘head in the sand approach’ Loughtons began transitioning it’s business and services to clients to meet and exceed the demands of the RDR in 2007, well ahead of the deadline for implementation. For example, all of our advisers are already qualified beyond the minimum level outlined under the new proposals (QCF Level 4).
If you require further details or wish to make a positive difference to your finances, please feel to call us on 01626 833225 to find out more.
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