RDR

The FSA yesterday warned it will take a "dim view" on any adviser firm seeking to build trail business in a bid to "get around" its adviser charging proposals.

People who really need good financial advice risk being shut out by FSA-led industry reforms, shadow pensions minister Nigel Waterson says.

Age is no barrier to attaining further qualifications, results from the latest round of Chartered Institute for Securities and Investment (CISI) exams suggests.

Over a third (35%) of investment company directors say advisers are fundamental to developing a larger retail shareholder base for investment trusts, suggests a survey by JPMorgan.

Platforms risk being undermined by a lack of transparency and must address some crucial questions if the RDR is to be effective, warns Novia.

Schroders' Richard Buxton believes the RDR could flush-out managers who simply track their index while charging hefty management fees.

New recruit Gillian Mackenzie discusses the importance of qualifications.

Tied advisers are "just getting on" with meeting new minimum qualification proposals in the RDR by attaining QCF Level 4 under the FSA's ‘no regrets' promise.

The FSA should reconsider its proposals for qualification standards for simplified advice processes to determine where QCF level 3 might be sufficient, insurer Aegon says.

Association of IFAs (AIFA) director general Chris Cummings has pledged to continue the fight for work-based assessments of financial advisers not yet qualified to the required QCF Level 4 standard.