The minimum academic qualification for advice should be QCA level 4, according to the FSA's interim report on the Retail Distribution Review (RDR).
Advisers are taking an increasingly positive attitude towards professionalism, compared to a more sceptical view seen when the Retail Distribution Review (RDR) consultation was first announced.
Brokers are being urged to consider the implications of the Retail Distribution Review (RDR) on the mortgage market.
Two in three mortgage brokers believe a ‘mortgage RDR' would be a positive development for the market, according to research from the Mortgage Business Expo.
Financial advisers have largely welcomed the FSA's apparent u-turn on linking the term ‘independent' to an adviser's remuneration methods, research by Unbiased.co.uk suggests.
The ifs School of Finance has begun piloting a new advanced qualification for financial advisers, which aims to improve client communications.
More than 80% of advisers would support FSA initiatives, such as TCF, if they lead to a lighter touch regulatory regime, according to Sesame.
The British Bankers' Association (BBA) has called on the FSA to introduce a new ‘assisted purchase' distribution category as part of its response to the Retail Distribution Review (RDR).
The Association of Mortgage Intermediaries (AMI) today warns a "read-across" of the RDR to the mortgage market without proper consultation could be dangerous for the industry.
Financial advisers and brokers will need to introduce more sophisticated systems for managing commission payments in order to comply fully with the outcomes of the Retail Distribution Review (RDR), according to Callidus Software.