Your guide to becoming directly authorised

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Chris Kilner of SimplyBiz talks to Maria Merricks about how advisers can go from being an appointed representative to directly authorised.

With just 18 months left on the RDR stopwatch, advisers are running out of time to decide how to operate their businesses post-2012. For some, the support of a network is the most appealing option. But others are choosing to go it alone and become directly authorised (DA). The advantages of this option include: having more control over the business; receiving payment directly; and streamlined regulatory costs. Fears of a long and expensive process put many advisers off the idea, however commentators agree it should not be an arduous task. A common response is to employ the help of a c...

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