A clear distinction between sales and advice could help boost consumer confidence in the financial services sector, according to a report from the Association of IFAs (AIFA).
Hundreds of advisers have shown interest in a diploma level qualification within days of its launch as they prepare for tougher rules on professionalism.
The Financial Services Skills Council (FSSC) is inviting industry players to air their views on the implications for professional standards emanating from the Retail Distribution Review (RDR).
Amanda Bowe, head of the Retail Distribution Review (RDR), will step down from the role in October, the FSA has confirmed.
Andrew Strange has been appointed policy director for the Association of Independent Financial Advisers (AIFA) it was announced today.
The Personal Finance Society (PFS) is to be reviewed and restructured to accommodate and adapt to changes outlined in the retail distribution review.
Millions of consumers could miss out on professional financial advice if the FSA's simplified advice and sales model is created, Aegon warns.
Banning payments from manufacturers to distributors, including commission, is not practicable at the present time, the FSA says in its RDR interim report.
The FSA is considering providing incentives for IFA firms who "do the right thing".
The FSA proposes a clear distinction between ‘advice' and ‘sales' in its interim RDR feedback review.