RDR

The Royal Bank of Scotland is to cut 618 roles within its financial advice arm as a result of the retail distribution review (RDR).

Following The Solicitors Regulation Authority's announcement that it will launch a consultation into adviser referrals, one adviser letter to the body urges it to carefully consider the case for restricted advice.

Fund and tax wrapper choice is the prime factor advisers consider when selecting a platform, research suggests.

Parmenion has been selected as the sole provider of investment infrastructure for CAERUS Portfolio Management Limited (CPML), the fund management arm of CAERUS Capital Group.

The majority of advisers do not understand the structure of exchange traded funds (ETFs), research suggests.

Royal London-owned wrap Ascentric is running half day RDR Workshops for firms which have transitioned to the Retail Distribution Review (RDR) or are in the process of doing so.

It has long been argued that one of the effects of RDR will be to leave middle England unable to afford financial advice. However, Towry chief executive Andrew Fisher has argued that actually there is a 'clear solution' to the problem.

INDEPENDENCE

Liontrust's top performing fund manager Anthony Cross has backed Hargreaves Lansdown's shares to surge after the final rules around platforms and RDR are released.

The Financial Services Authority (FSA) will release its final consultation paper on the platform market before the Olympics begins, Investment Week understands.