New Financial Services Authority guide to financial advice changes - Turn2us

From 31 December 2012, financial advisers will have to be much clearer about the type of advice they give you and follow new rules on how they charge. They will also have to make it clear whether the advice they are providing is independent or restricted.

The Financial Services Authority (FSA) has published a new guide, Financial Advice Changes 1-2-3 (link opens in a new window PDF file size 1.25 mb) to help consumers understand the changes to the way they receive financial advice. The new guide incorporates the feedback of leading consumer groups and industry trade bodies. It is also available at local branches of the Citizens Advice Bureau, across the UK.