Execution-only firms form lobby group

clock

Execution-only brokers have formed a new trade body in response to the under-representation of non-advised sales in the RDR.

The Association for Independent Discount and Non-Advisory Brokers (AIDB) has been created by several of the UK's largest execution-only brokers, including Chelsea Financial Services, Financial Discounts Direct and Willis Owen. AIDB estimates around 20% of retail assets under management are under the umbrella of non-advisory or discount brokers, and forms a substantial part of the UK market. Its members feel they have been excluded from RDR consultation process by the regulator, and AIDB hopes to provide a platform to lobby the FSA on their concerns. AIDB also wants to promote the b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read