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For
Immediate Release: Thursday 26 February 2004
IMA WELCOMES FSA’S ‘MENU
OF CHARGES’
The IMA welcomes the launch today, of
the FSA’s proposals “Reforming polarisation: A menu for
being open with consumers”.
IMA has long advocated the benefits of
financial advice and believes that the move towards
transparent costs will enable investors to make informed
decisions when choosing a financial adviser.
Richard Saunders, Chief Executive of
the IMA commented;
"IMA welcomes the move
towards greater transparency for the cost of advice.
Educating consumers about the service they are paying for
will encourage people to take advice in order to purchase
the most appropriate products for their needs. One
challenge for the FSA’s current
financial capability review will be to get the message
home to people that good advice is worth paying for.”
-Ends-
For further
information, please contact;
Helen Stephenson,
Communications Officer, IMA,
020 7831 0898
Richard Saunders,
Chief Executive, IMA,
020 7831 0898
Out of hours
contact:
Mona Patel, Head
of Communications, IMA,
07834 089332
65
Kingsway London WC2B 6TD
Tel:
+44 (0) 20 7831 0898 Fax:+44 (0) 20 7831 9975
www.investmentuk.org
Investment
Management Association is a company limited by guarantee
registered in England and Wales Registered number 4343737.
Registered office as above.
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