RDR: FSA calls for suggestions on charging principles for GPPs

In its RDR Consultation Paper, issued today, the regulator asked the industry for suggestions on the best way to ensure the intentions behind its adviser charging principles were applied where GPPs were sold without advice. It asked if the principles should be applied where individual advice is given on GPPs and whether the principles should be applied to non-advised GPP business, and if so how? The FSA said the predominant market model was for GPPs to be promoted to individual employees without personal advice - sometimes with commission being paid by the product provider that assist...