Providers have criticised the FSA over their handling of legacy commission rules, claiming that the advisor needs to come out with a clearer definition of where they stand on the issue, as currently there are a number of different interpretations of their rules....
The IFA consolidator Perspective has announced that it has managed to raise £3.5 million worth of funding, which it intended to invest in further acquisitions throughout the course of 2012....
Hargreaves Lansdown has allayed fears that the upcoming implementation of the RDR will negatively affect them by announcing that they have experienced a jump in assets under administration and full year profit....
A recent undercover investigation by Which? has apparently revealed that the majority of financial advisers in banks and building societies are providing bad information to the clients, leading to them making risky moves that would not otherwise be required....
The Investment Management Association (IMA) is calling on the FSA to place an outright ban on legacy commissions for fund switches inside packaged products that would start from next year....
IFA Centre managing director Gill Card has claimed that setting up a trade body should be an important step for independent advisers, especially as the industry in general begins to gear up for the implementation of RDR....
The number of new advisers who are joining St James's Place (SJP), who are an upmarket salesforce team, has increased by more than 6% during the course of 2011....
Saunderson House’s chief executive, Nick Fletcher, has announced that he will be stepping down from his position at the company, to be replaced by Tony Overy acting as interim managing director....
IFA network Tenethas announced that they will be looking to make a number of acquisitions in the coming months as they prepare for the implementation of the retail distribution review (RDR)....
Cazenove Capital Management has announced that they are launching their x share class for equity and multi-manager funds on platforms in an effort to provide advisers with low-cost institutional pricing. ...