FSA highlights PII considerations ahead of RDR

In its latest guide for advisers on their preparations for the RDR, the FSA once again highlighted the key areas advisers need to focus on, including qualifications, implementing adviser charging and working out whether businesses will go independent or restricted. For firms looking to remain independent, the regulator stressed the need for firms to hold PII which covers them for the "full range of retail investment products" they need to consider, or hold additional capital for any product types excluded by their policies. Meanwhile, businesses struggling to explain their new chargin...