FIMBRA revises "best advice" rule
Language: English Series: Financial Adviser ; 14/1/88 p1 and 6(2)Publication details: 1988Subject(s): Summary: There concern among brokers over FIMBRA `s decision to amend its " best advice " rule. The rule now states that an adviser must recommend the investment most suitable to the client, in other words, advisers will be obliged to recommend products which they cannot sell themselves.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2403-25 (Browse shelf(Opens below)) | 1 | Available | 12098-1001 |
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There concern among brokers over FIMBRA `s decision to amend its " best advice " rule. The rule now states that an adviser must recommend the investment most suitable to the client, in other words, advisers will be obliged to recommend products which they cannot sell themselves.