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FSA says Menu will reduce overpaying risk

Firms will be required to present clients&#39 payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA&#39s new pricing menu.
The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu &#45 which will show both the adviser&#39s charges and the market average &#45 to exert downward pressure on commission.
The regulator believes the Menu will incentivise firms to compete on price and quality, make the market work more efficiently and ultimately reduce the need for regulatory intervention.

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