View more on these topics

50% of advisers think RDR and cap ad changes will damage sector

Nearly 50 per cent of financial advisers believe that the retail distribution review and capital adequacy requirements will have a detrimental impact on the IFA sector, according to Watson Wyatt.

Research found that 27 per cent of advisers say the regulatory changes will drive IFAs out of business, while 10 per cent say they will reduce turnover. Another 10 per cent say the changes will undermine the affordability of independent advice for consumers.

Watson Wyatt says a third of advisers believe the RDR and cap ad changes will have no major impact, while 13 per cent say they will make financial advisers more professional and increase consumer confidence in the sector.

The research found that only a quarter of advisers questioned have read the consultation paper on the prudential rules for personal investment firms and only a third have read the RDR feedback statement.

Watson Wyatt senior consultant in insurance and financial services Sarah Luheshi says: “There is an opportunity here for product providers to engage with advisers about these important regulatory changes.

“Our research finds that providers already have an important role with regard to regulatory change. It suggests that keeping advisers informed of ongoing regulatory developments and about what they should be doing in practical terms through well targeted advice and support would be warmly welcomed.”


Register marks

What do you think about the Government’s response to the Rugg review which proposes a register of private landlords? Do you think this will sort out issues in the buy-to-let market or will it reduce the supply of private-rented accommodation?

Grinstead becomes Metlife MD

Metlife has made its UK chief executive officer Ed Gardner redundant and promoted Dominic Grinstead, previously strategic development and marketing director, to UK managing director.

Is volatility dead? No, sell credit

There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm