The FCA's guide to good and bad practice in ongoing advice

        Professional Adviser | 17 Dec 2014 | 07:18

        The Financial Conduct Authority (FCA) has outlined a number of good and bad practice scenarios around the design and delivery of ongoing advice.

        Large gold pound sign

        Advisers charging more post-RDR despite lower product prices

        Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.

        Professional Adviser | 16 Dec 2014 | 11:14
        A hand extended holding a bag of pounds - illustration

        FCA concedes RDR has led clients to question value of advice

        The banning of commission on retail investments and the subsequent revelation of the "true cost" of advice has led some clients to consider the value of what their adviser offers, the Financial Conduct Authority (FCA) has conceded.

        Professional Adviser | 16 Dec 2014 | 11:05

    Other RDR articles


      Clients ‘unaware and unclear’ about ongoing services charges

      About two out of three financial advice clients receive ongoing services but only half understand what they are actually paying for, research from NMG has found.

      Professional Adviser | 16 Dec 2014 | 10:37

      FCA refers one firm to enforcement over RDR changes

      The Financial Conduct Authority (FCA) has found increased professionalism in the advice sector and better disclosure of services and charges, but one firm has been referred to enforcement for "insufficiently engaging" with the Retail Distribution Review (RDR).

      Professional Adviser | 16 Dec 2014 | 10:03

      RDR is working, FCA declares

      The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services.

      Professional Adviser | 16 Dec 2014 | 10:00

      Advice needs to be ‘commoditised’ to attract consumers - Unbiased

      Financial advice should be grouped by type of service and given price tags to break down the barriers consumers often face when shopping for it, Unbiased chief executive Karen Barrett has suggested.

      Professional Adviser | 16 Dec 2014 | 07:59

      Small firms ‘hanging on' to trail income, says consolidator

      Small firm consolidation in the financial advice market has yet to materialise as predicted because many owners are "hanging on" to the trail commission they earn on pre-Retail Distribution Review (RDR) business, according to one acquirer.

      Professional Adviser | 15 Dec 2014 | 11:06

      Advisers can discover commission switch-off events with new tool

      A tool allowing advisers to discover when providers will switch commission payments off on pre-Retail Distribution Review (RDR) business has been launched.

      Professional Adviser | 08 Dec 2014 | 07:31

      The rules of the game: Clean share class conversions explained

      Aileen Lynch shares her insight on how different parts of the industry will be affected by FCA's clean share class conversion final guidance...

      Professional Adviser | 05 Dec 2014 | 08:33
      Positive thumbs-up businessman

      Advisers back RDR but argue advice gap is growing - research

      More than half of advisers believe the Retail Distribution Review (RDR) has benefited the profession with transparency ranked the most positive effect, according to Schroders research.

      Professional Adviser | 02 Dec 2014 | 10:06

      ‘The RDR is only partially working': The world according to IFP chief Steve Gazzard

      IFP chief executive Steve Gazzard on ‘regulated selling', advice versus planning and a new project dissecting conflicts of interest...

      Professional Adviser | 27 Nov 2014 | 07:45

      Industry missing 'regulated selling' says IFP chief

      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.

      Professional Adviser | 26 Nov 2014 | 07:54

      Financial adviser numbers up 5% on eve of RDR levels

      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.

      Professional Adviser | 25 Nov 2014 | 10:53

      ‘One of the greatest challenges for the modern adviser’: Risk modelling services explained

      Current very low volatility levels are masking true investment risk but stochastic models can assist advisers, writes Eric Armstrong

      Professional Adviser | 19 Nov 2014 | 15:39

      All change please: What the platform rebate bans means in practice

      Janice Laing sets out the key points to bear in mind ahead of the looming platform cash rebate ban

      Professional Adviser | 19 Nov 2014 | 15:38

      FCA must reveal 'what good looks like', says APFA chairman

      The regulator must be more explicit in explaining what it wants and expects from advisers, or it will fail to achieve its aims, the chairman of the Association of Professional Financial Advisers (APFA) has said.

      Professional Adviser | 19 Nov 2014 | 15:23

      FCA chairman defends RDR project

      Financial Conduct Authority (FCA) chairman John Griffith-Jones has said he is glad the Retail Distribution Review (RDR) did not take longer than expected, and claimed it achieved its objectives despite failing to properly distinguish between guidance and advice.

      Professional Adviser | 19 Nov 2014 | 07:41

      Up to scratch? How networks are testing advisers’ competence

      Thirty-five hours of CPD is a pre-requisite for advisers post-RDR. But networks are forcing members to go a step further….

      Professional Adviser | 14 Nov 2014 | 11:57

      Gosling’s Grouse: The hunger to hire

      Not a day seems to go by at the moment without a fund manager leaving the group they work for, then suddenly popping up the next week somewhere else.

      Professional Adviser | 10 Nov 2014 | 07:58


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