The industry has to find new ways of providing low-cost advice on an ‘industrial scale' after the Retail Distribution Review (RDR), Scottish Widows has said.
Advisory group Charles Derby is offering to help supervise client-facing advisers who will not meet the new minimum qualification requirement set by the Financial Services Authority (FSA) in time.
The Treasury Committee has promised to monitor the benefits to consumers of changes introduced as a result of the Retail Distribution Review (RDR), after the Financial Services Authority (FSA) again said it would be sticking to its year-end implementation...
The Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.
James Hay Partnership has notified advisers of its Retail Distribution Review (RDR) proposition ahead of its implementation in 2013.
Architas is offering the option to map its funds to the FinaMetrica risk-profiling scale, to help advisers match their clients with the group's funds.