Why better for clients is better for business
So you think you need a paraplanner? Read this first...
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.
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....
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.
Financial planning and investment management firm AFH has secured £1.9m from investors through unsecured notes and extended its deadline to meet further demand from self-invested personal pension holders.
Less than a tenth of the population has complex enough needs to warrant the fees they would pay for advice, and would be better served by guidance, an IFA has said.
The Money Advice Service (MAS) has published details of the criteria advisers will need to meet before they can be listed on the website's directory.
Wealth management firms say they are being "crippled" by suitability requirements as the Financial Conduct Authority (FCA) increases its scrutiny of the sector.