Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.
The Financial Services Authority's (FSA) decision to make advisers that don't consider active investments restricted was a "hallelujah" moment for one Belfast-based adviser.
The Financial Services Authority's (FSA) regulations around independent and restricted advice mean that most independent advisers are actually operating as 'restricted advisers', according to one IFA practice owner.
The scale of financial adviser exits from the industry - largely as a result of changes brought in following the Retail Distribution Review (RDR) - has been underlined by figures suggesting there are some 4,600 fewer advisers today than there were in...