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.
The former appointed representatives (ARs) of failed network Alpha 2 Omega (A2O) are facing multi-million pound legal claims as the Financial Services Compensation Scheme (FSCS) tries to claw back the money it paid to mis-sold investors.
The unbundling of dealing commissions could have a more significant impact than the Retail Distribution Review on asset managers, with smaller groups and fund ranges particularly at risk, analysts have warned.
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.
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).