RDR

In the latest of our adviser interviews Helen Morrissey talks to Essential Financial Advisers' Ian Highton about how the firm is preparing for RDR

In the beginning, nearly 21 years ago, Self Invested Personal Pensions (SIPPs) were a niche product aimed at mainly high net worth individuals with specific and often complex investment requirements. Flexibility and quality of administration were top...

Transact says the proposed ban on cash rebates could lead to "unintended consequences" and consumer detriment and suggests the issue could be better dealt with through improved disclosure.

The Consumer Protection and Markets Authority (CPMA) must have more power than its FSA predecessor, including the right to ban particular products, Hector Sants told ministers today.

The RDR is not a 'panacea' for the investment market's problem but it is worth a third of IFAs leaving the industry, FSA chief executive Hector Sants has told ministers.

Succession has hit out at firms purchasing IFA businesses merely to increase funds under management, warning advisers themselves are hugely undervalued in the current climate.

The date for the House of Commons debate on the RDR has been changed to Monday 29 November following a request from the Labour party.

The vast majority of independent advisers see the RDR as a 'great commercial opportunity', although more onerous CPD and record-keeping requirements remain a concern, research suggests.

Our inbox has been filling up thick and fast with your RDR questions for MPs, who will debate the changes on 30 November. But so far they are all from men! Come on women IFAs, make yourselves heard, we know you can.

Since the original Financial Services Act 1985 invented the concept, the word ‘independent’ has become the watchword among financial advisers.