DeVere UK, the British branch of what claims to be the world’s largest IFA company, has issued its “top three questions to ask your adviser” for consumers in the wake of the implementation of the Retail Distribution Review.
The UK’s Financial Services Authority (FSA) intends to carry out four thematic reviews this year to ensure the implementation of the Retail Distribution Review went as planned.
The UK’s Financial Services Authority has produced a consumer guide to explain its far reaching Retail Distribution Review, which banned commission payments from providers to financial advisers from the end of 2012.
HSBC Global Asset Management (HSBC GAM) has rolled out clean fee share classes across its Luxembourg-domiciled range of Sicavs.
Distribution post-RDR may see life companies getting back into the investment game, building up their own substantial sales forces of restricted advisers.
A diversified economy is protecting the Isle of Man as the global financial crisis continues. But as it looks east for much of its business, the island will need to emulate the service and expertise offered in the Asia Pacific region to maintain its momentum, writes Mark Battersby.
Recent research has revealed that those who use financial advisers save more and are better protected. However, Guardian WM’s David Howell says an “international RDR” could derail this.
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
Research from Deloitte shows distributors will have to work harder to get their products out to consumers who are being turned off financial advice as, from 1 Jan next year, they have to pay for it.
Standard Life has unveiled changes to its Retail International Bond product to make it more compatible with the upcoming implementation of the Retail Distribution Review legislation.
The UKs Financial Services Authority has today contacted a number of advisory firms, as well as lawyers and accountants, which it believes may wish to revoke their permission to provide investment advice after the implementation of the Retail Distribution Review.
The proportion of business focused on tax wrapped investments is likely to fall from 21% in the pre-retail distribution review UK market to 13% in 2013, according to a survey of advisers carried out by Defaqto, the financial research organisation.
