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Comment of the week: A cesspit of mixed messages

Like others, I feel the RDR implementation is a shambles and the industry will grind to a halt after December.

We are already seeing early signs of this from new enquiries.

Clients are terrified of costs and under the impression from the communications they receive from the media at large and the regulator’s press announcements that the clock starts the minute they deal with an IFA, and then it costs hundreds of pounds an hour.

Even existing clients are getting updates from providers and the big picture is a cesspit of mixed messages. If the intentions of the RDR were more consumer control and clarity, the results so far are precisely the opposite.

Greg Heath



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The Parliamentary Commission on Banking Standards wants the Government to strengthen bank ringfence rules and introduce back-up regulatory powers to force banks to fully separate their retail operations from their investment arms. The banking standards commission was set up in July to focus on the culture of UK banks and the lessons to be learned […]


Advisers slam Sants’ Barclays move

Advisers have slammed former FSA chief executive Hector Sants’ move to Barclays, which has had a string of regulatory failings in recent years. Last week Barclays announced that Sants is joining the bank as head of compliance and government and regulatory relations. Sants joins the executive committee and will report directly to group chief executive […]

Kyle Dale MM blog

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I’ve read with interest recent articles on the Money Marketing website putting across different opinions on why people are positive about being an IFA or why you would be mad to consider it. I’m aiming to become an adviser in the next few years and have thought long and hard about this decision. Being in […]

AJ Bell acquires financial publisher MSM

AJ Bell has acquired MSM Media Limited and its trading subsidiary MoneyAM Limited for an undisclosed amount. MSM is a specialist financial publishing business that produces a weekly magazine called Shares, organises annual awards and business events and has a number of online services, the main ones being MoneyAM, StockMarketWire and Brokerforecasts. It has 34 […]


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