2010

Summer 2010

- FSA to clarify the position on switching trail commission on a change in adviser

Q3 2010

- Consultation Paper on Platforms

Q3 2010 (expected)

- Consultation on labelling of adviser services for pure protection
- Policy statement on remuneration transparency for pure protection
- Consultation on interim measures for disclosure

Q4 2010

- Policy Statement on Platforms

2011

- Next EC publication on PRIPs (Packaged Retail Investment Products)

2012

- Full detail on PRIPs (Packaged Retail Investment Products)

By end 2012

- All existing advisers must be qualified at QCF Level 4 and, where appropriate, all qualification ‘gap filling’ completed by structured CPD.
- All advisers must be ready to operate adviser charges
- Product providers will be unable to offer products with commission or factoring services
- All advisers must describe their services as independent or restricted advice
- All independent advisers must comply with the new independence and product requirements