RDR

The Financial Services Authority (FSA) is to publish a guide explaining the Retail Distribution Review (RDR) to consumers.

The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.

The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.

Industry veteran Ken Davy has criticised the FSA for refusing to restructure the Retail Distribution Review (RDR) following the effects of the banking crisis.

Advisers are "significantly undervaluing" the work they do for clients when working out their charging structures post-RDR, according to Prudential.

Network and support service provider Sesame Bankhall Group (SBG) has said a large number of its 2,800 member firms are considering a 'hybrid' practice - offering both independent and restricted advice.

The Association of British Insurers (ABI) has said the Financial Services Authority's (FSA) stance on simplified advice means members are unlikely to develop propositions in the area.

Most advisers intend to retain their independent status post RDR, but this appears to clash with the plans of firm principals and network bosses, research suggests.

IN MEMORY

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