RDR

INNOVATION

A YEAR LATER

AFH Financial Group has acquired Michael Mac Wealth Management in its nineteenth deal since 2011.

TACKY?

The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer...

Almost half of financial advisers have turned away clients this year because they felt their services were too expensive for them, according to research commissioned by the Association of Professional Financial Advisers (APFA).

Investors view the whole of the financial services industry through the prism of banks' behaviour, meaning trade bodies must do more to talk up the good the profession does, according to ex-Morningstar OBSR managing director Richard Romer-Lee.

Consumers priced out of full advice may yet be able to seek the expertise of an adviser via a chargeable "dip in, dip out" information-only model, according to Cofunds distribution director Andy Coleman.

Treasury Select Committee (TSC) chairman Andrew Tyrie has called on the industry to help parliament hold the financial services regulator to account to avoid "excessive regulation" that could "create the stability of the graveyard".

Insurer Zurich is training its sales staff to obtain the same minimum qualification level as that required of the advisers they speak to.