The Association of British Insurers is welcoming the FSA's plans to consult on a two-stage approach to developing policy on polarisation of investment advice.
ABI director general Mary Francis says: “The ABI has made clear that radical change to polarisation could put consumers at risk. We are therefore very pleased the issues are to be much more thoroughly explored before any decision is reached on that.
The ABI will contribute fully to all the consultation planned by the FSA. The proposals for changes to the rules on sales of “standardised” products will need to be carefully considered to ensure they do not cause confusion for customers about whether or not they are given independent advice.”