The independent panels of the FCA have questioned the regulator over its handling of the UK advice gap created following the banning of commission payments to advisers in 2012 as a result of the Retail Distribution Review.
A review of the impact of mutual fund compensation schemes on financial advice and outcomes conducted on behalf of Canadian regulators has found there was enough evidence to justify the development of new payment policies.
An urgent review is needed to avoid “unreasonable” regulatory costs and levies on UK-based financial advisers, according to the Personal Finance Society.
Financial advisers are the real winners in the wake of the UK’s Retail Distribution Review, according to Brooks Macdonald International’s Darren Zaman.
Financial services professionals will continue to leave wealth management heavyweights in favour of the relative freedom of smaller firms, according to IFP chief executive Steve Gazzard.
It is easier to manage money in a framework you know rather than in a possible framework that might be imposed at some point in the future. Perhaps. So how are the more sophisticated of Ireland’s wealth managers coping with the spectre of RDR looming? Perhaps…
The UK regulators banning of trail commission in 2016 could result in over 15,000 advisers losing their job, a report by the former director general of the association of IFAs has predicted.
Volatile markets have brought about a marked shift in favour of multi-asset income products among independent financial advisers.
The implementation of new distribution regulation in Europe is “fraught with danger”, according to a new report from ALFI, which also heavily criticises the implementation of the Retail Distribution Review in the UK.
Active management fees may fall as a result of ongoing pressures created by the UKs Retail Distribution Review (RDR), experts have said.
The FCA has said there is little evidence to suggest the Retail Distribution Review (RDR) has caused any major decline in the availability of financial advice, and has in fact had a positive impact overall.
Senior advisory figures in the UK have claimed that both the Financial Conduct Authority (FCA) and advisers should be held to account for divorcing many consumers from advice, following the implementation of the Retail Distribution Review (RDR).
