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The chair of the Financial Services Consumer Panel (FSCP) has said the FSA's two-page consumer guide to the Retail Distribution Review (RDR) does not go far enough to explain upcoming changes to financial advice.
Almost a quarter of UK advisers who charge £100 or less for their services face a 40% drop in income from 1 January next year as rules outlawing the payment of commissions to advisers come into force, research suggests.
Rathbone Unit Trust Management is to launch RDR-ready 'institutional' share classes across its fund range from 1 March.
Other News - Charging articles
A campaign designed to tackle what it sees as opaque charging structures in the UK investment management industry was launched today by boutique wealth manager SCM Private.
The Financial Services Authority (FSA) has confirmed it will press ahead with the ban on commission, despite suggestions European Commission proposals could hamper, or even put an end to, its plans.
Wealth manager Mattioli Woods saw a 17% dip in profits in the six months ending 30 November as the group was hit by a slowdown in investment activity.
The asset management industry must create an industry standard to bring greater transparency to investment charges, Fidelity Worldwide Investment said today.
The overwhelming majority of advisers using platforms are still aiming to remain independent after the implementation of the retail distribution review (RDR), with only a handful looking to retire, it has been suggested.
Five major providers have joined forces to agree a "shared" approach to facilitating adviser and consultancy charging.
The Association of British Insurers (ABI) has suggested European proposals on banning commission for financial advisers may yet have an impact on RDR.
Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium’ prices for a top tier of better performing funds or specialist mandates.
Advisers have reported newspaper adverts for Ivan Massow’s commission rebate business as misleading to the Financial Services Authority (FSA).
HMRC is expected to outline how VAT will apply alongside adviser charging next week. But what should advisers watch out for?
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