A Chartered financial planner who has spent more than two decades advising clients has quit the industry as he believes many parts of it are still geared towards selling products.
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.
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.
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.