Smaller advisory firms have found it easier to implement changes introduced following the Retail Distribution Review (RDR) and stand to be the real winners from the overhaul, according to consultant and adviser Phil Billingham.
Smaller firms have proven they have a place in the post-RDR world and, in what he said may be an "unintended consequence" of the review, their value is now being recognised by the regulator, the Phil Billingham...
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November