Advisers facing premium hikes and onerous data requests from insurers.
Regulator appoints two senior advisers
RBS faces a £460,000 fine by Hong Kong regulators over a series of illegal trades committed by one of its traders in 2011.
Business secretary Vince Cable has written to the chairmen of FTSE 100 companies’ remuneration committees to issue a warning that the Government will intervene unless they do more to curb executives’ soaring pay increases.
Huge discrepancies highlight the “utterly confusing world which consumers have been ushered into”.
The FCA’s inducement rules risk making product providers withdraw a lot of their training support and make it harder for providers and distributors to work together to make a better industry.
This could end up as a judicial review as some major players seek to protect their status
Higher revenues are tied to a percentage of assets charging structure.
Regulators and politicians trying to play to consumer interests just end up making access to financial services worse
Advisers should be aspiring to deliver the best possible clarity on fees
Advisers more scared of FOS than FCA, says PFS president.
FCA Inducement News
Malcolm Streatfield says the network’s arrangements with providers have always complied with FCA rules.
IFP Conference 2013
Succession boss tells advisers clients do not want to be advised by “someone they think is poor.”
The Big Interview
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Take care when drafting terms of business agreements to clearly define the scope of advice and service provided by a firm.
Research products and their associated risks. Do not allow product providers to sell to you. Many of the major misselling incidents of recent years had at their heart a very successful salesman flogging his product to IFAs. All too often, the adviser had no idea what was in the product or the risks to which anyone holding it was exposed.
Advisers have to be prepared to advise clients to follow a course of action they do not want to
The RDR has had relatively little impact on the demand for advice and despite the greater regulatory burden, advisers look set to benefit from more sustainable income