FSA clarification could hit advisers hard

  • Story by: Emma Ann Hughes
  • Magazine: MortgageAdviser
  • Published Wednesday , June 25, 2008

Mortgage advisers may not have to recommend products available direct to their clients, according to the Financial Services Authority (FSA).

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But if intermediaries want to argue they offer the best deals available it is hard to see how they cannot look at the whole of the market.

Following discussions with the Association of Mortgage Intermediaries, the FSA confirmed it did not expect firms to recommend lenders or particular products they do not have access to.

To read the rest of the latest Home on the Range blog click here.

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