Policymakers missed an opportunity to narrow the advice gap by failing to make room for ‘regulated selling' in the RDR reforms, Institute of Financial Planning (IFP) chief executive Steve Gazzard has said.
Regulated selling - one of the IFP's original suggestions for a post-RDR advisory sector in 2007 - would comprise "limited" advice delivered by advisers who could still be paid via commission, provided...
From August next year
RDR brought sweeping changes to adviser charging
A quarter (26%) unwilling to pay fees
Research by Grant Thornton
The right culture is essential...
Deal was announced in June this year
Pensions minister Guy Opperman sets out how impending Pension Schemes Bill will improve retirement savings in the UK
Value is in the eye of the beholder
Headed by Simon Monk