Body wants to act more as 'facilitator'
The government has been urged to prioritise simpler guidance, more widespread advice and better retirement products to help people save for retirement, with robo-advice singled out as a possible solution.
The Financial Advice Market Review (FAMR) could herald the return of banks and product providers offering mass-market advice propositions, Sesame Bankhall Group (SBG) executive chairman John Cowan has said.
Consolidation is not going anywhere...
The Financial Conduct Authority (FCA) wants to hear from advisers about the risks involved in making social investments.
The former chief executive of adviser network Financial, Charlie Palmer, is appealing a decision by the Financial Conduct Authority (FCA) to ban and fine him £86,000 for failing to ensure his advisers gave suitable advice.
The Financial Ombudsman Service (FOS) has proposed to increase its levy on the industry by 5% while freezing case fees for the fourth year running.
The Financial Conduct Authority (FCA) has confirmed changes to the amounts of accessible capital investment advisory businesses must hold to absorb potential losses or redress claims.
Low fees change consumer perception of the value of advice