- The new, pan-european deposit compensation limit of €100,000 comes into force on 31 December 2010. In preparation for this, the FSA is consulting on the exchange rate to be used so that consumers can understand the level of protection available in sterling;
- Adding a new rule on adviser charging which would continue to allow re-registration of existing trail commission (on business carried out before 2013) to a new adviser, where this is permitted by the contract. This could arise when a customer moves from their old adviser to a new firm. However, firms will be required to tell their customer how much commission will be transferred – and the adviser must provide an ongoing service in return for the trail commission.
http://www.fsa.gov.uk/pages/Library/Policy/CP/2010/10_22.shtml