RDR

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said the regulator regrets the time it took between the conception of a Retail Distribution Review (RDR) in 2006 and the roll-out of new rules more than six years later....

Advisers have generally benefited from the Retail Distribution Review (RDR) as their revenues have increased and they are more professional and better qualified, Financial Conduct Authority (FCA) chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is still concerned about transparency in the advice space, especially in relation to charging and independence, chief executive Martin Wheatley has said.

Financial adviser numbers are continuing to rise, albeit marginally, since the introduction of new rules following the Retail Distribution Review (RDR), according to the most recent figures from the Financial Conduct Authority (FCA).

Few advisers have lost clients as a result of changes to how they are paid, according to a survey suggesting a happier intermediary sector than this time a year ago.

IFA consolidator Bellpenny has bought two more businesses with combined funds under management of £187m.

Skagen has launched RDR-compliant clean share classes in the UK for its Kon-Tiki, Global and Vekst equity funds.

ARMCHAIR CRITIC

A service allowing advisory firms to 'sense check' whether they meet the requirements for independence has been launched.