RDR

Wealth adviser Towry has said it would be "no surprise" if the regulator raises the qualifications bar for advisers to level 6 in the next two to three years.

Legal & General (L&G) has promoted one of its senior staff to finance director after the insurer's external candidate was disapproved of by the regulator.

FIRST MEET

Some of the UK's largest fund houses are considering launching retail share classes with a 0% AMC rather than provide platforms with ‘super clean' alternatives.

Legal & General (L&G) is to make its unit trust business part of Legal & General Investment Management (LGIM) as the group undergoes a restructure.

The fund management group says Dutch ban on commission payments will improve cost transparency, competition and product access and quality.

SEGMENTATION

The shift towards fees brought about by the Retail Distribution Review (RDR) could lead to a reduction in pension scheme member engagement, according to Capita's head of DC Paul Sturgess.

END OF DAYS

Royal London Asset Management (RLAM)'s Martin Cholwill has upped his stake in Brewin Dolphin as he backs three wealth managers to survive the post-Retail Distribution Review (RDR) world.