FCA finds just 8% of Brits receive financial advice in RDR review
But regulator concludes advice market is moving in the right direction
FAMR
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Hargreaves and Aegon hopeful RDR review will close advice gap
There has been ‘disappointingly little practical change’ since regulatory regimes were introduced
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Inducement ban detrimental to consumers, warns CISI
An outright ban on the offering or acceptance of inducements within the financial services industry will lead to “opportunities for people to understand each other” being missed, the Chartered Institute for Securities & Investments (CISI) has warned.
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‘Common sense’ changes made to FCA guidance
Changes to Financial Conduct Authority guidance on how to deal with insistent clients has been welcomed as “common sense” by those in the asset management industry.
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Return to commission in UK ‘ruled out’ by FAMR report
In further industry reaction, a number of key players in financial services have reacted positively to the FAMR report’s positioning in favour of a fee-based only RDR regime, with no re-introduction of commission as remuneration for financial advisers.
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FAMR calls for early pension access and advice definition change
The Financial Conduct Authority is calling for early access to pension pots to pay for advice costs, in its final report on the Financial Advice Market Review (FAMR) published today.
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Only one in ten advisers fully supports FAMR review
One in ten of UK financial advisers “wholeheartedly” welcome the Financial Advice Market Review (FAMR), according to research from Intelliflo.
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Financial advice definitions need clarity, says AJ Bell
The definition of financial advice is becoming blurred with potentially dangerous consequences, according to AJ Bell.
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FCA announces make up of advice review advisory panel
The Financial Conduct Authority has released the names of the members of the external, expert advisory panel that will assist in the Financial Advice Market Review.
