Stripping out commission will transform UK market, says FSA's Woodall
Linda Woodall, head of investments at the UK Financial Services Authority talks about the balance between consumer protection and the need to police financial advisers ahead of the Retail Distribution Review
The financial crisis has thrown up numerous opportunities for regulators to balance the protection of consumers with a reprimand for advisers - from banning the marketing of collective investments to making sure that advisers are qualified - but Linda Woodall, head of investments at the UK Financial Services Authority (FSA) says the whole UK financial market could be transformed by stripping out commission.
"The Retail Distribution Review (RDR) is about retail consumers securing advice they can
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