JPMorgan Asset Management (JPMAM) has made a widespread change to the pricing structure across its UK OEIC range in a bid to meet transparency requirements made in the Retail Distribution Review (RDR).
One of the core reasons for the proposed splitting of the advice market is to help improve customer access to financial products and services, according to findings published in the Retail Distribution Review.
The Association of Independent Financial Advisers has criticised the FSA's suggestion that only fee-charging advisers can truly be called independent.
Fresh calls for higher standards of adviser qualifications and professionalism have emerged from the FSA's Retail Distribution Review.
The Association of Investment Companies (AIC) today calls for the FSA to consider mandating a factory-gate pricing system for financial advice.
Calls from the Financial Services Consumer Panel and Towry Law this week to ban commission have sparked outrage in the IFA community.
Towry Law has added its voice to controversial calls to end commission and find an "alternative" method of payment for advisers.
The Financial Services Consumer Panel has sparked fury amongst IFAs after a call to end commission payments over the weekend.
The Financial Services Consumer Panel says a move by the FSA to end commission payments is the only way to avoid mis-selling scandals in the future.
Advisers will be classified in the future according to the services they provide with more qualifications required at the high net worth end, FSA director of retail policy Dan Waters has hinted.