Second purchase of financial year
Response to regulation and group development
UK adults cannot meet advice costs
Old Mutual Wealth vice-chairman Peter Mann has announced his intention to retire after 12 years with the group.
Skandia has expressed fresh doubts about negotiating preferential share classes with fund managers, instead focusing on launching unbundled share classes that will continue to pay rebates.
Skandia has sent its post-RDR platform live, after being unavailable for the last three days.
The Skandia CEO says although the term restricted advice carries negative connotations, it could be the predominant model of advice in five years' time.
Platform rebates were at the top of the agenda when IFAonline interviewed Skandia chief executive Peter Mann live on Twitter this afternoon.
Skandia has launched a guide to help advisers simplify due diligence when choosing a platform provider.
The divorcing of product and adviser charges must not result in higher overall costs for the consumer, warns Skandia.
The disclosure requirements proposed for restricted advice in the latest RDR consultation paper need to go further and require firms to use a mandatory form of words in their initial disclosure information, says Skandia.
Bankhall‘s commercial director, Shaun Godfrey, is to leave the company in October to pursue, what he says, are other business interests, full details of which will be announced in due course.