Conflicts of interest within insurance intermediaries dealing with small businesses are not being properly managed, a review by the Financial Conduct Authority (FCA) has found, in an echo of the concerns the regulator had about investment advisers that...
Advisers are responding to the regulator's focus on advice bias caused by remuneration packages by adapting their business models, LEBC research and compliance director Peter Shelton has said.
The Investment Management Association (IMA) has said it is open to the prospect of 'radical change' as it sets out recommendations for the use of dealing commission to purchase investment research.
The Financial Conduct Authority (FCA) has green-lighted its proposed ban on referral payments from discretionary fund managers (DFMs) to financial advisers for top-up business from existing clients.
Few advisers have lost clients as a result of changes to how they are paid, according to a survey suggesting a happier intermediary sector than this time a year ago.
A client who protested about commission being taken from his pension without his permission and without receiving ongoing advice in return has had his complaint rejected by the Financial Ombudsman Service (FOS).
Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.
City stockbrokers are considering lodging an official complaint after the government's decision to reject the majority of applications for Royal Mail shares cost them millions in lost commissions.
The Financial Conduct Authority (FCA) has welcomed the parliamentary commission on banking standards' (PCBS) recommendations for reforming the banking sector.
The Financial Conduct Authority (FCA) is not seeking to pile more pressure on adviser firms already under financial strain by investigating payments they may receive from providers, its director responsible for supervising advisers said.
Clubfinance, the discount broker and low-cost investment platform provider, has completed the acquisition of the client bank of Ivan Massow's Paymemy business, and is writing to clients pointing them to advice channels.
Entrepreneur Ivan Massow's controversial trail rebate firm has gone out of business because "it made a loss every time" it paid commission back to a customer.
The Financial Conduct Authority (FCA) is stepping up efforts to clamp down on firms' financial incentives schemes in a bid to mitigate the risk of further mis-sellings of products.
Advisers and providers reiterated the "catastrophe" that would befall the advice sector if the incoming Financial Conduct Authority (FCA) read across a ban on commission in the retail investment market to protection.
Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.
Here are our picks of the stories your clients may have read in the weekend newspapers...
The European Parliament has voted against a ban on commission payments in Europe in a move placing it at odds with the FSA's stance under the incoming Retail Distribution Review (RDR).
Concerns about advisers piling into commission-paying products ahead of the Retail Distribution Review (RDR) have proven unfounded, according to the experience of one provider.
The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have raised its suspicions....
The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to use distribution agreements and cross-subsidies to 'work around' the Retail Distribution Review (RDR) commission ban.
The Financial Conduct Authority (FCA), one of the regulators due to replace the Financial Services Authority (FSA) next year, aims to develop a financial services market where the most successful firms are those that respond best to the needs of their...