Gap-filling likely to be preferred option

At a packed meeting in London on Thursday the FSA confirmed that it is unlikely to approve the options of complete scrapping of the polarisation rules and allowing brokerages to multi-ties in its review of retail financial services.

The FSA says that it has considered four options – maintaining the status quo, complete scrapping of the polarisation rules, allowing brokerages to multi-tie and gap-filling. Industry sources believe the announcement leaves gap-filling as likely to be the FSA&#39s preferred option.