RDR

Adviser charges based on hourly rates have largely remained the same as before the Retail Distribution Review (RDR), research commissioned by the Association of Professional Financial Advisers (APFA) suggests.

Nearly a third of advisory firms have lost clients as a result of the Retail Distribution Review (RDR), according to research from GfK.

The Association of Professional Financial Advisers (APFA) said it was surprised about how few issues came out of the regulator's first thematic review into the post-Retail Distribution Review (RDR) adviser industry.

The Financial Conduct Authority has published the results of the first stage of its three-pronged review into firms' compliance with new rules following the RDR.

Some advisers are not transparent enough about their charges, leaving customers confused and unable to compare and contrast prices, the Financial Conduct Authority (FCA) has alleged.

EARLY DAYS

The Financial Conduct Authority (FCA) says firms are mostly adapting well to changes introduced following the Retail Distribution Review (RDR), but it has uncovered some problems, including firms describing themselves as independent but in fact choosing...

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.

Advisers "substantially underestimate" the threat from direct to consumer (D2C) businesses and are "overoptimistic" about future revenues post-Retail Distribution Review (RDR), according to a wide ranging study by Cass Business School and BNY Mellon....

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