Jersey financial watchdog reviewing advice standards

Jersey's financial regulator is reviewing how investment guidance is given in a move to improve the standard and transparency of advice.

The Jersey Financial Services Commission (JFSC) wants higher levels of qualification and to stop advisers getting certain types of commission.

Reliance on commission could be reduced to cut advice being geared to sellers' benefits rather than customers.

The JFSC said higher advice standards would limit potential for mis-selling.

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