Openwork's new CEO Martin Davis says the FSA's proposed ‘restricted advice' tag is causing a degree of concern amongst its 2,600 multi-tied advisers.
Tied and multi-tied advisers should consider themselves "very lucky" they may be able to use the term ‘advice' when explaining their offering to consumers.
A Conservative Government will sanction the re-introduction of a 15-year long-stop for the financial advice sector, the Association of IFAs (AIFA) says.
IFA consolidator Succession Advisory Services has selected Investment Funds Direct Limited (IFDL) to power its wrap platform solution.
Structured product provider Arc Capital & Income has today gone into administration.
Much has been said since the latest RDR consultation about the cost and time it will take for advisory business models to make the transition to accommodate adviser charging.
The Association of IFAs (AIFA) says consumers might be willing to pay a monthly subscription to their IFA to cover the costs of both upfront and ongoing services.
IFA consolidator Perspective Financial Group has acquired its ninth firm after securing a refinancing package with Lloyds TSB.
High profile pension lawyer John Quarrell has lashed out at the financial regulators which shut down his company, accusing them of victimisation and underhanded behaviour.