RDR

LESSONS

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), has said the regulator regrets the time it took between the conception of a Retail Distribution Review (RDR) in 2006 and the roll-out of new rules more than six years later....

Advisers have generally benefited from the Retail Distribution Review (RDR) as their revenues have increased and they are more professional and better qualified, Financial Conduct Authority (FCA) chief executive Martin Wheatley has said.

The Financial Conduct Authority (FCA) is still concerned about transparency in the advice space, especially in relation to charging and independence, chief executive Martin Wheatley has said.

Financial adviser numbers are continuing to rise, albeit marginally, since the introduction of new rules following the Retail Distribution Review (RDR), according to the most recent figures from the Financial Conduct Authority (FCA).

Few advisers have lost clients as a result of changes to how they are paid, according to a survey suggesting a happier intermediary sector than this time a year ago.

Equity Advice LLP has launched The Later Life Academy dedicated to supporting advisers in the at-retirement market.

ARMCHAIR CRITIC

CONFIDENCE

The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.