In a move designed to ensure investors get clearer information about services they use, the UK’s financial regulator said it intends to launch new guidelines spelling out what sort of details financial advisors should give to clients.

The Financial Services Authority said it will further simplify how investment advisors ensure they provide consumers with clear and simple information about costs and services.

The FSA said it intends to introduce a new services and costs disclosure document on 6 August 2008.

"This new material builds on the guidance that currently exists and will further simplify investment disclosure. It aims to help firms provide key information in a more streamlined way to help consumers better understand the services being offered, and the cost of those services,” Andrew Sykes, head of retail investment policy at the FSA, said.