Guidance guarantee levy unfair on advisers
A proposed levy to pay for the UKs guidance guarantee would be unfair on advisers and consumers, according to IFA trade body APFA.
PIMFA
-
-
FATCA seen as an opportunity not a burden
Contrary to common perception, many wealth management firms in the UK are embracing the controversial Foreign Account Tax Compliance Act (FATCA) legislation, which began its implementation on 1 July, with some carving out a niche specifically advising orphaned American clients.
-
APFA calls for FCA retirement advice review
The Association of Professional Financial Advisers (APFA) has said the FCA should review the advice consumers receive as they approach retirement, during what it calls an unprecedented period of change for the UK.
-
wma ceo tim may to step down
Tim May will step down as head of the Wealth Management Association later this year, after four years in the role.
-
post rdr adviser world struck by costs
Regulations should be pared down and costs reduced to foster a competitive and sustainable adviser market, a report compiled by APFA revealed.
-
Firms face 460m annual bill for regulation
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
-
APFA criticises FCA over its scrapping of fee
The Association of Professional Financial Advisers (APFA) has said it is disappointed in the FCAs decision to scrap a review of the methods it uses to calculate regulatory fees.
-
PII premiums point towards hardening market
Fewer than 10% of financial advisers have been offered a decreased Professional Indemnity Insurance (PII) premium this year, pointing towards a "hardening insurance market".
-
MiFID II could spell death knell for RDR
The UK’s Retail Distribution Review could be in danger of being overridden by the EU’s MiFID II directive.
-
meps scrap proposed 200 cap on advisers
The European Parliament has scrapped plans to introduce a cap of 200 on the hourly rate an adviser can charge clients, after pressure from bodies representing advisers and the life industry across Europe.