openwork

Openwork CEO Martin Davis believes regulatory change will separate the winners from the losers

A third - or almost 30,000 - of all consumer complaints referred to the financial ombudsman (FOS) in the second half of last year were against just three high street banks.

Openwork CEO Martin Davis looks at how networks are positioning themselves in the run up to the RDR.

Openwork is to offer advisers the choice of three business models - including a broadened multi-tie proposition - as part of a three-year strategy to help them adapt to RDR requirements.

The importance of an adviser's judgement in making client recommendations has been pushed to the top of the agenda at Openwork as the multi-tied adviser seeks to move away from its previous "box-ticking" culture.

Omnis Investments, the joint venture between Openwork and fund manager Octopus, has launched a new multi-asset vehicle offering downside protection.

The noise surrounding the RDR remains at full volume, although no-one will know what the final rules will demand of advisers until next year.

IFA network Openwork has unveiled a three-year plan to gets its advisers ready for the RDR.

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.

Openwork chief executive Martin Davis says the advice sector is, yet again, in a state of flux.