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FSA writes to fund groups over conflicts of interest

FSA writes to fund groups over conflicts of interest

The Financial Services Authority (FSA) has written to group of fund chief executives to warn them about conflicts of interest with their customers.

The regulator has discovered that some firms have breached the rules surrounding disclosing commission to customers, and many firms do not have an adequate framework to manage their conflicts of interest.

The companies have been asked to review their conflict of interest policies by February 2013 with the view to taking further regulatory action.

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