RDR

INNOVATION

A YEAR LATER

TACKY?

The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer...

Almost half of financial advisers have turned away clients this year because they felt their services were too expensive for them, according to research commissioned by the Association of Professional Financial Advisers (APFA).

TOUCHY-FEELY?

The Chartered Insurance Institute (CII) is currently undertaking a survey of consumers to see what impact the changes brought about by the Retail Distribution Review has had on them and their view of advice.

Advisers have welcomed the Financial Conduct Authority's (FCA) first crack-down on an advisory firm which had permissions to advise but no actual qualified advisers, although they say the regulator should have acted sooner.

Hargreaves Lansdown has pushed back its widely anticipated pricing announcement until next year, having previously said it would be revealed in early December.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.