The FSA has published a new guide which it hope will help consumers understand key improvements to the way they receive financial advice.
The guide is available from http://www.fsa.gov.uk/static/pubs/consumer_info/rdr-consumer-guide-booklet.pdf
From 2013 onwards, savers and investors will be told how much financial advice costs, will understand the type of service they are paying for, and will benefit from a higher level of professional standards from their advisers.
The regulator believes these changes will allow consumers to have confidence in the financial advice they receive.
The FSA has also launched a new section of its website – www.fsa.gov.uk/advicechanges – for consumers to find out more about what the upcoming changes will mean for them.
The new guide incorporates the feedback of consumer groups and industry trade bodies. It is available at local branches of the Citizens Advice Bureau, across the UK.
