The Financial Conduct Authority (FCA) wants suitability letters to be customer focused, not geared to protecting the firm’s position, and short. But that is virtually impossible, say advisers
The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.
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Consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service, an adviser has argued.
The Association of Professional Financial Advisers (APFA) has welcomed new proposals to fund the guidance guarantee set out by the regulator today, saying it could save the advice industry £2m-£4m a year.
IFP chief executive Steve Gazzard on ‘regulated selling', advice versus planning and a new project dissecting conflicts of interest...
An IFA has been ordered to repay a £7,400 upfront fee it received from a client who subsequently felt its recommendations were inappropriate, following a final decision from the ombudsman.
Three investments in off-plan property firm Arck totalling £45,000 were too high risk and complex for a client, the Financial Ombudsman Service (FOS) has ruled, despite the adviser's claims he had previously invested in similar schemes.
Thinking of building a simplified advice proposition? Here's what to look out for to minimise the risks to both you and your clients, writes Neil Walkling...
Policymakers missed an opportunity to narrow the advice gap by failing to make room for ‘regulated selling' in the RDR reforms, Institute of Financial Planning (IFP) chief executive Steve Gazzard has said.
A mere half of financial advisers would recommend the profession as a career choice to a family member, new research suggests.
The number of financial adviser has risen slightly in the post-Retail Distribution Review (RDR) years, though has dipped since January, new figures have shown.
The Institute of Financial Planning (IFP) is in discussions with the regulator about drawing up a definitive list of possible conflict of interest scenarios that crop up during the advice and planning process.
Current very low volatility levels are masking true investment risk but stochastic models can assist advisers, writes Eric Armstrong
Janice Laing sets out the key points to bear in mind ahead of the looming platform cash rebate ban
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