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News

RDR

AWD: 'We won't take on clients with £50k or less'

AWD Chase De Vere will take on no new clients worth £50,000 or less following the Retail Distribution Review (RDR), according to the group's head of communications Patrick Connolly.

clock 23 October 2012 •

RDR

LV= launches RDR adviser charging strategy

Retirement specialist LV= has released its Retail Distribution Review (RDR) adviser charging strategy just nine weeks before the deadline.

clock 23 October 2012 •

Regulation

Complaint against FSA over 'phoenixed' firm rejected

The Complaints Commissioner has rejected a complaint against the Financial Services Authority (FSA) by an investor over the regulator's handling of the alleged ‘phoenixing' of an advisory business.

clock 23 October 2012 •

Investment

Buxton: The key to making returns in range-bound world

Schroders' head of UK equities Richard Buxton says market timing has never been more essential, with the FTSE 100 set to remain stubbornly range-bound over the medium term.

clock 23 October 2012 •

Investment

Retirees cannot rely on pensions alone

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

clock 23 October 2012 •

Investment

PRA to hold veto power on with-profits bonuses

The Prudential Regulation Authority (PRA) will wield a veto power over proposed terminal or annual bonuses for with-profits policies, under the new regime.

clock 23 October 2012 •

Wrap/platforms

Axa Elevate platform to allow ad hoc payments

Axa has finalised its adviser charging structure on the Elevate platform, with five different ways to charge clients, including an ad hoc payment option.

clock 23 October 2012 •

Economics / Markets

Banking regulator still expecting failures in new regime

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

clock 23 October 2012 •

Wrap/platforms

Barclays launches RDR share classes

Barclays has launched Retail Distribution Review (RDR)-ready share classes on its active and passive funds and discretionary offerings.

clock 22 October 2012 •

RDR

Most advisers will reduce service for poorer clients - study

Almost two-thirds of UK-based advisers say it will not be profitable to advise clients with less than £50,000 after the Retail Distribution Review (RDR), according to research.

clock 22 October 2012 •
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