IFA

Bristol-based advice firm Sovereign IFA is buying up the business of small IFAs who are looking to exit the industry as the RDR comes into full effect.

Nick Plumb, IFA at Bright Financial Planning Ltd in Sudbury, vents his spleen on the RDR.

FSA chief executive Hector Sants has said he did not mean to cause offence when he said it was acceptable for 20% of IFAs to leave the industry due to the RDR, but maintains the exits will not harm consumers.

An IFA who stole more than £90,000 of clients' life savings to pay his own debts has been jailed for nearly two years today.

Three out of five fee-charging IFAs bill clients between £150 and £200 an hour for advice, research by threesixty suggests.

Guardian Wealth Management, the international advice firm, will head-hunt 300 IFAs in a major recruitment drive ahead of the RDR, and offer some the chance to escape the rule change by working abroad.

Relationships between IFAs and solicitors could be damaged by a lack of knowledge of unregulated collective investment schemes (UCIS).

Advisers are preparing immediate mail-outs to clients to warn them of the impact of today's ECJ ban on gender-based insurance pricing.

State pension forecasts sent out to people approaching retirement are so complicated even financial advisers do not understand them, pensions minister Steve Webb says.

Tim Sargisson, the managing director of James Hay Partnership, has defended the provider's decision to tell clients the FSCS levy may be passed to them.