Financial advisers operating in Europe are less strictly regulated than their UK counterparts yet consumers are still afforded the same degree of protection, according to Zurich Life government affairs principal Matt Connell.
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Purchasers of IFA businesses are taking advantage of a "once in a lifetime land grab" as the impact of increased regulation pushes traditional advisers out the industry, according to a consultancy firm.
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Advisers accused by clients of mis-selling investments face being named on a ‘watchlist' launched today by a claims management firm.
The True Potential group has reported its net profit for last year was up 47% as it benefited from a drastic increase in adviser numbers.
The West Bromwich building society is partnering with Towergate Financial to provide customers with independent financial planning and advice services in branch.
There exists a "nervousness" in the professional indemnity insurance (PII) market which could force more IFAs to offer restricted advice, according to Prudential distribution change director Russell Warwick.
IFAonline sister title Investment Week understands insurer Zurich UK has approached a number of asset managers with plans to create a fund management business in the UK.