The New Model Business Academy (NMBA) has said it is moving away from its original focus of preparing advisers for the Retail Distribution Review (RDR) now that the deadline for implementation has passed, and will instead be helping advisers build on...
The Financial Services Compensation Scheme (FSCS) will levy an estimated £76m on investment advisers in 2013/4, with failed firm Keydata highlighted as one of the main cases contributing to the overall bill.
The Financial Services Compensation Scheme (FSCS) has paid out £136m in mis-sold payment protection insurance (PPI) claims since 2008, according to latest figures.
Legacy trail commission may create a "moral hazard" in which advisers encourage investors to stay in investments longer than they should, analysts at Barclays have warned.
Self-directed wealth platform Hargreaves Lansdown has posted record half-yearly revenue and profits as the business noted a "general trend" towards DIY investing as a result of changes brought about by the Retail Distribution Review (RDR).
Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.