The number of financial advisers has risen slightly in the post-Retail Distribution Review (RDR) years, though has dipped since January, new figures have shown.
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Investment administration provider Wealthtime is partnering with fund research and analysis tool FE Analytics.
The Financial Services Authority (FSA) has expressed concerns that an increase in advised sales of investment bonds by life insurance companies may be a sign of a commission grab ahead of the implementation of the Retail Distribution Review (RDR).
A private investigator who allegedly fed information to the News of the World (NoW) has been jailed for separate charges of ‘blagging' sensitive information from government sources and selling it to insurers.
Businesses are being urged to "recognise the threat' of fraud after a 9% jump in reported cases last year.
Bright Grey and Scottish Provident have warned that insurers could be "shooting themselves in the foot" by changing the way they request medical evidence from GPs.
The FSA is unlikely to pursue plans to collect transactional data on advisory businesses from product providers, platforms and third party distributors via product sales data (PSD), the regulator suggested today.
The FSA may use the extra data it plans to collect from adviser firms to control the price of advice post-2012, Alan Lakey says.
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