Charging fees at 'implementation' - or where a product is purchased - is a legacy of the distribution system and should be ditched, a financial services expert has said.

Standard Life has appointed two new senior business development managers to its workplace business.

Legacy commission still accounted for more than half of adviser income at end of March, according to research released today.

FIVE THINGS

The number of financial advisers with chartered status has increased 24% year on year, according to a document released by the Chartered Institute of Insurance (CII) today.

Non-advised annuity sales do not effectively service people with smaller pension pots, according to the majority of annuity experts in the marketplace.

Time spent completing the regulator's retail mediation activities return (RMAR) forms is costing the industry millions, according to the Association of Professional Financial Advisers(APFA).

Millionaires cite their three biggest financial regrets as not having a financial plan, not reviewing investments regularly and, finally, taking on too much debt, according to research released today.

Reading-based IFA, Beaufort Asset Management, has made four senior appointments to strengthen its advisory team.

PROTECTION