Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.
Firms are "cautiously optimistic" about the future, according to the Institute of Financial Planning (IFP), though some are still struggling to implement changes to their back office systems post-Retail Distribution Review (RDR).
The New Model Business Academy (NMBA) has said it is moving away from its original focus of preparing advisers for the Retail Distribution Review (RDR) now that the deadline for implementation has passed, and will instead be helping advisers build on...
Legacy trail commission may create a "moral hazard" in which advisers encourage investors to stay in investments longer than they should, analysts at Barclays have warned.
Self-directed wealth platform Hargreaves Lansdown has posted record half-yearly revenue and profits as the business noted a "general trend" towards DIY investing as a result of changes brought about by the Retail Distribution Review (RDR).
Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.