RDR

One in four people believes ‘independent' means an IFA does not receive commission, according to research by unbiased.co.uk, an IFA contacts site.

JPMorgan Asset Management has launched a free training school which offers advisers the chance to gain qualifications recognised by the Institute of Financial Planning.

It is vital consumers are consulted to ensure they understand the "industry terminology" in the regulator's Retail Distribution review, according to the Chartered Insurance Institute.

For the vast majority of IFAs who have been offering sound advice to clients for years, the news from the RDR that a higher standard of adviser qualifications and professionalism is needed will have come as a shock.

A poll conducted by Exweb has revealed that seven in ten financial advisers disagree with a proposal to raise capital adequacy limits for commission-only firms in the FSA's Retail Distribution Review.

Most consumers believe the term ‘independent' refers to advisers who are able to choose products from the whole of the market, according to research from Unbiased.co.uk.

The Association of Independent Financial Advisers has criticised the FSA's suggestion that only fee-charging advisers can truly be called independent.

A more transparent remuneration model similar to factory-gate pricing would lead to stronger relationships between advisers and consumers, according to findings published in the Retail Distribution Review.

The FSA this morning landed the first bombshell of the Retail Distribution Review - suggesting the regulation advice market should be split in two.

Widespread adoption of the factory-gate pricing model by adviser firms is "probable" following the conclusion of the Retail Distribution Review, says Winterthur.