IFAs across globe embrace tougher regulations

A consultation with the heads of 20 leading IFAs in Europe, Dubai, Singapore and Hong Kong found their firms view tighter regulation - whether in the form of the UK's RDR or the Australian model - as inevitable. Furthermore, IFA chiefs think the increasing tide of regulation will improve professionalism and competitive advantage. The consultation also found the financial crisis has accelerated a move towards ongoing sources of income, although upfront commission will likely remain part of the mix for some time. "The incidence of fee-based charging for advice and service is likely t...