Clients will benefit from a prominently displayed practicing certificate, detailing their adviser's qualifications and commitment to professionalism, the Financial Services Consumer Panel (FSCP) says.
The Financial Services Consumer Panel (FSCP) has called for more scrutiny of bank service to ensure customers make the right choices about financial services.
Fresh concerns over advisers' minimum qualifications surfaced this week after the trade body for IFAs launched its own exam option at a level above that proposed in the RDR.
Fears an independent professional standards board (IPSB) would represent another tier of regulation are misplaced, the Chartered Insurance Institute (CII) says.
With income drawdown complaints on the rise Fiona Tait takes a look at why this may be and attempts to explode some myths around this product.
Developing a simplified advice scheme "as fast as possible" and regulating product design are among five recommendations the Financial Services Consumer Panel (FSCP) says would improve consumer confidence in the industry.
The Financial Services Consumer Panel (FSCP) is concerned about the ability of advisers to cope with the growing complexity of retirement income products.
The FSA and financial ombudsman (FOS) are under pressure to name and shame firms that fail or refuse to pay FOS awards.
The Financial Services Consumer Panel (FSCP) is calling for "reassurance" from the FSA over the level of adviser fees post RDR.