For the majority of people requiring financial advice, Tim Sargisson suggests, there is only one thing wrong with the restricted model - the name
Last month, the Financial Conduct Authority (FCA) published the latest edition of its Data Bulletin. The regulator's focus was on the retail intermediary sector, based on a newly published analysis of firms' Retail Mediation Activities Return (RMAR). The RMAR is submitted by approximately 12,000 FCA-regulated firms and it is the first time the FCA has published the data. The Data Bulletin is a treasure trove of information and is especially useful in allowing firms to see where they sit compared with their peers. Of special interest is Section 4 - "Retail investment advice and adviser ch...
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