RDR: Towry Law's Fisher praises FSA for ignoring IFAs

Fisher, chief executive of the wealth management firm, says he is delighted the FSA remains committed to implementing rules to "improve the consumer experience and raise professional standards" within the financial advice industry.  "They have quite rightly ignored calls from some IFAs for the RDR proposals to be delayed or watered down," he says.  Fisher says the banning of commission payments removes the conflict of interest, which he believes is at the heart of all that is wrong in the financial advice industry.  "The FSA continues to recognise that giving wealth advice requires...