RDR

Firms providing investment advice will see their minimum capital requirements double to £20,000, the FSA proposes.

The FSA has ignored IFAs and listened to the views of providers and the European Commission in establishing a 'sales advice' channel with equivalent minimum qualifications to the IFA stream.

The FSA has all but ruled out re-introducing a 15-year time limit on complaints against advisers despite admitting it could save firms thousands of pounds a year.

A financial advice landscape that includes "advised" sales and outlaws provider influence over remuneration has today been proposed by the FSA.

The FSA has set out an ambitious implementation plan for its new retail distribution strategy, with all firms expected to be fully compliant by the end of 2012 at the latest.

Financial advisers are bracing themselves this morning ahead of what has been called "the most important day in the industry for 25 years".

Financial advisers are abandoning next week's crucial RDR conference after being charged up to £300 to attend the event.

AIFA has issued a rallying call to the FSA urging it use the RDR as a force to help clients re-engage with savings, and support the development of a distinct advisory profession.

Skandia says the Association of British Insurers' stance on the Retail Distribution Review (RDR) has left it with little choice but to leave the trade body.

Sesame will use its second national conference on 27 November to discuss responses to the RDR Feedback Statement, due to be released two days before.