Advisers have given a cautious welcome to a new tool claiming to reveal and compare the amount of commission consumers are currently paying through their investments.
Advisers are being warned they may come under scrutiny for using asset allocation tools linked to a single provider ahead of regulatory reviews next year.
The Federation of European IFAs (FEIFA), a non-profit trade association for English-speaking IFAs, has an announced an exclusive partnership with social network IFA Life.
Morningstar has integrated the FinaMetrica financial risk profiling tool into its Adviser Workstation.