RDR

PLATFORMS

DEAD END

The Tenet Group is offering its Chartered advisers a 50% discount on their professional indemnity insurance (PII) excess after negotiating with its underwriters.

Restricted national advisory group Sandringham Financial Partners has selected Axa Wealth's Elevate platform and its multi-manager proposition Architas for its panel.

The Financial Conduct Authority (FCA) is not seeking to pile more pressure on adviser firms already under financial strain by investigating payments they may receive from providers, its director responsible for supervising advisers said.

The Financial Conduct Authority (FCA) has found breaches to Principle 8 regarding conflicts of interest in half of the firms it reviewed as part of a report into inducements between advisers and providers.

An adviser has hit out about the lack of understanding surrounding the value of advice post-Retail Distribution Review (RDR), claiming that the regulator should have done more to inform people.

Wealth manager Bestinvest has outlined plans to almost double its restricted financial planning team, as the group seeks to take advantage of the withdrawal of a number of major banks from the advice space.

The Retail Distribution Review (RDR) has exacerbated a polarisation of the advisory market, with an almost even split of firms forecasting growth and those predicting static or declining revenues over the next three years, research has suggested.

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