The FSA’s latest Guidance consultation linked to Centralised Investment Propositions (CIP) and Replacement business broke earlier this month and is already attracting much comment in the ‘Twitterverse’ and in the financial trades.
It focuses on the advisory process around selection of discretionary investment management, portfolio advisory services and distributor-influenced funds by advisors for their customers. RDR has demanded IFAs review their ways of working. Many have fixed on new strategies in order to secure their futures in the commission-free Adviser Charging world which will be forced on them in just over seven months time.
