The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.

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 Financial Conduct Authority (FCA) is to look into the non-advised sale of income drawdown products amid concerns consumers could be left vulnerable in the new pensions environment.

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.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

Simplified advice: How simple should your new model be?

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 advisers has risen slightly in the post-Retail Distribution Review (RDR) years, though has dipped since January, new figures have shown.

Santander is planning to set up a direct to consumer (D2C) investment platform months after confirming it is re-entering the investment advice space.

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