RDR

Historical success convincing consumers that advice is free could push many advisers out of the industry post-RDR, according to a Barclays director.

Adviser and wealth manager Ashcourt Rowan is developing its own in-house platform, due to be rolled out later this year.

Almost a quarter of UK advisers who charge £100 or less for their services face a 40% drop in income from 1 January next year as rules outlawing the payment of commissions to advisers come into force, research suggests.

ETFs

With RDR almost upon us, Fiona Murphy asks how advisers are engaging with platforms in the latest Retirement Planner inquiry

Trading profits at Sesame Bankhall Group fell significantly in 2011 compared with the previous year as the company invested in a series of solutions it hopes will cater for independent and restricted advisers from next year.

The Financial Services Authority is set to provide final guidance on simplified advice this week.

Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.

FIVE THINGS

Towergate Financial has acquired the financial planning business of the Melton Mowbray Building Society.