RDR

The protection industry is expecting a reduction in the number of IFAs post RDR of from 20-50%, depending on the survey chosen. Will this impact on sales of protection and will this prompt the resurgence of in-house sales forces - the man from the Pru?...

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.

Tied and multi-tied advisers should consider themselves "very lucky" they may be able to use the term ‘advice' when explaining their offering to consumers.

Much has been said since the latest RDR consultation about the cost and time it will take for advisory business models to make the transition to accommodate adviser charging.

Santander has revealed its £898m UK Growth and £148m UK Equity Income funds will be two of the first funds from its range it will promote to the IFA market in the first half of next year.

The FSA is being warned to be "especially aware" of firms operating in the restricted advice space using ‘weasel words' to hide their limitations and pass themselves off as independent practitioners.

Clients and IFAs have wildly different estimates of the value per hour of independent financial advice in the build-up to 2012, research suggests.

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

Advisers are more confident now than they were two years ago the RDR will enhance their professional status and reputation, despite continued ill-feeling toward other proposals in the review, research suggests.

Sarah Thwaites, director of skills development at the Financial Services Skills Council, discusses the introduction of QCF Level 4 draft core units.