The RDR, in its current guise, will likely lead to both a drop in adviser numbers and product purchases, according to recently-formed lobby group Adviser Alliance. So it has put together its own, alternative, RDR...
Two IFAs have been forced to redraft commission clawback clauses in their standard terms of business (ToB) letters following complaints from clients.
The RDR will leave advisers accustomed to a commission structure struggling to survive, writes David Dodds, financial planning director at Wade Financial Services. But what about life coaching, cash flow planning and whole of market advising?
Charles Schwab has unveiled a range of managed portfolios comprising ETFs, available through a fee-based advisory programme in the US.
Adviser anger over FSA plans to change protection commission disclosure is building ahead of a consultation on the issue in March.
The FSA fears advisers and employee benefit consultants will switch group personal pensions (GPP) around the market to continue receiving commission.
Charles Schwab Investment Management has launched two ETFs with low expense ratios and commission-free online trading in Schwab accounts.
Fortis is offering advisers 10% additional commission for three months in recognition of its success at the ifs Financial Innovation Awards.
Few financial advisers have been able to establish profitable relationships with accountants, claims Mark Lee, chairman of accountants' group, the Tax Advice Network.