FSA: we will not check if advice is value for money

The FSA is conducting four thematic reviews this year in three cycles to monitor the implementation of the Retail Distribution Review (RDR). The first - on professional standards - began last month. The three other areas that will come under the scope of the regulator's investigations are 'charging'; 'description of services' and 'market distortions'. As part of this work, a sample of 50 advice firms -including small, medium and large practices, and independent, restricted and hybrid firms - will today be sent a questionnaire in an "information gathering" exercise to see what advisers...