RDR

AIFA plans to launch its own case-study based alternative assessment which will qualify advisers to QCF Level 5, a level above the new minimum for UK advisers set by the RDR.

Adviser Alliance's mission to defeat what it sees as damaging RDR regulations is gathering political support - including that of the shadow minister for constitutional affairs and justice.

Openwork CEO Martin Davis believes regulatory change will separate the winners from the losers

IFAonline editor Katrina Baugh on the FSA’s recent Discussion Paper on platforms.

The FSA is open to the possibility of spreading adviser remuneration transparency across the board but doesn't believe it would be a popular move.

The FSA says although it has "mixed views" on the question of whether an adviser can be independent using just one platform, it is likely to push for IFAs to adopt multiple platform use.

Platforms will not be forced to offer a wider range of investments - some of which may be unsuitable and pose a high-risk, the FSA said today.

Mortgage brokers could be dragged into the disclosure of adviser remuneration proposed by the FSA.

The FSA has slammed platforms for poor levels of disclosure in documentation and for failing to highlight the risks of investment.

The latest instalment of the FSA's RDR proposals was unveiled today, and recommends that, while there is nothing technically wrong with commission, only the purest of the pure advisers should still be allowed to call themselves ‘independent'.