The prospect of a looming advice gap at the lower end of the financial spectrum is a rather well-trodden narrative path among both the industry and financial journalists. But, what is perhaps less well understood is the manner in which technology is likely to play a role.
A significant number of financial advisers in the UK have shed more than 20% of their clients because they are no longer commercially viable in the post RDR world, research by online platform Rplan has revealed.
The Australian Senate has voted to disallow amendments which had loosened laws governing the financial advice process.
The chairman of the Financial Conduct Authority (FCA) has praised the Retail Distribution Review (RDR) but said the regulator must be open and transparent for the review to fully meet its objectives.
Hourly fees for financial advice have slumped by 14% in the last year, according to a report by a financial adviser search website.
Last weeks launch by Threadneedle Asset Management of a multi-asset fund in response to the recent pension changes underlines a broader trend that is beginning to emerge.
Producing RDR compliant investment reports for clients is a major concern for the majority of wealth managers, a new survey has revealed.
Regulations should be pared down and costs reduced to foster a competitive and sustainable adviser market, a report compiled by APFA revealed.
FCA chief Martin Wheatley has stressed the need to “square the circle of selling complex products to so-called unsophisticated investors”, but are we really any clearer on the shape of things to come?
Discretionary fund managers are struggling to focus on clients’ investment objectives because they still measure their performance against indices rather than individual client goals.
Changes to the way offshore bonds are sold in the UK, brought about by the Retail Distribution Review (RDR), weighed on offshore bond sales last year, as they declined for the third year in a row.
The man behind plans to make major changes to Australia’s answer to RDR, assistant treasurer Arthur Sinodinos, took to Australian national television Tuesday night to discuss the controversial plans, and revealed that the Australian Securities and Investments Commission would be tasked with monitoring the changes, if they go ahead.
