FSA overhauls how long-term savings products are sold

11/26/2008 | Financial Times (free content)

As part of a broad revamp of sales of long-term savings products, the Financial Services Authority is trying to stop the practice of using upfront commissions for advisers to spur sales for life assurers and fund managers. The FSA is also considering allowing consumers to purchase inexpensive savings products directly from investment managers or life-insurance offices rather than having to go through a financial adviser.

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