Lone rangers: Thinking about going directly authorised?

Are advisers better off directly authorised?

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Network advisers have had a year to understand the Retail Distribution Review (RDR); so how many feel the time is right to take the plunge and go directly authorised? Nicola Brittain reports...

Many advisers begin their career as appointed representatives (AR) with networks. The networks take care of compliance and other requirements, while the advisers take care of their clients. For many advisers, though, managing their own risks and becoming directly authorised (DA) is the end goal. However, the increased regulatory burden post-RDR – including the additional Gabriel sections K and L, and revised sections B and G – may have seen many postpone the decision. The advisory community has now had a year to come to terms with the RDR; so how many people feel that now is a good ti...

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