M&A activity driving up IFA business value in the UK
UK independent financial advisory businesses have risen in value by around 8% this year as regulatory reform helps drive M&A activity, according to online business valuation provider BizEquity.
RDR
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FCA questioned over advice gap and ‘courting headlines’
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.
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Canadian adviser fee review points to RDR-style change
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.
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Review urged to curb ‘unreasonable’ regulatory costs
An urgent review is needed to avoid “unreasonable” regulatory costs and levies on UK-based financial advisers, according to the Personal Finance Society.
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Advisers are the RDR winners, says Brooks Macdonald Int’l
Financial advisers are the real winners in the wake of the UK’s Retail Distribution Review, according to Brooks Macdonald International’s Darren Zaman.
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Expect exodus from large wealth managers to continue – IFP
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.
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No Irish RDR timetable needed
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…
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Trail commission ban to slash
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.
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IFAs queue up to buy multi asset solutions
Volatile markets have brought about a marked shift in favour of multi-asset income products among independent financial advisers.
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RDR mistakes act as warning for MiFID II
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.
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Active management fees to drop at hands
Active management fees may fall as a result of ongoing pressures created by the UKs Retail Distribution Review (RDR), experts have said.
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RDR is working says FCA
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.