Rural communities risk being cut off from financial advice as their IFAs exit the industry under the weight of the RDR and levy hikes, MPs were told today.
A programme designed to attract young people into financial advice will initially call on networks to provide more work experience and apprenticeship schemes.
US financial planning technology provider Voyant has teamed up with Australian peer FinaMetrica to launch a risk profiling platform for advisers.
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).