A report created by IFA network Openwork has claimed that a delay in the introduction of the retail distribution review could potentially lead to 10% more advisers remaining in the industry rather than quitting it due to being unable to work under the regulations....
A recent report has accused pension advisers and providers of exploiting their customers and treating them unfairly. It claims that this system of exploitation needs to stop if it is to fall in line to the changes that will be made to the financial market,...
An IFA has become the first person to gain the Chartered Bankers Institute’s Diploma in Investment Planning through workplace assessment, marking him out as what should hopefully be the starting point for other advisers to gain the qualification and become RDR compliant....
The former chief executive of Aegon Direct, James Dean, has announced that he is to develop phone-based and online mass-market advice service that he hopes to target squarely at businesses that have lost profitability in the wake of the implementation of the RDR....
The Sesame Bankhall Group (SBG) have announced that they have failed to generate any operating profits over the last six months. They place the blame almost solely on their investment into new technology in addition to their preparing for the RDR transition. The general consensus...
An adviser has attempted to dissuade fellow IFAs from seeing reviewing systems and regulations, such as the upcoming RDR, as a burden. He instead argues that such systems can be used to a commercial advantage by advisers as they help to create a set of...
A number of trade unions are currently balloting their members to see if they would support strike action over the Government's pensions schemes, particular its plans to reform public sector pensions....
The head of FEIFA has claimed that the upcoming Retail Distribution Review (RDR) will do little to alter the trepidation that IFA's experience when it comes to Exchange Traded Funds (ETFs). He believes that the advisers will still not have a full grasp of how...
A mortgage broken has been banned and fined £250,000 by the Financial Services Authority (FSA) after it emerged that he had carried out large scale fraud on a host of mortgage applications....
The FSA have fined the Essex based Swift 1st Limited after finding the company guilty of treating a number of their customers unfairly. The company, which offers sub-prime mortgage lending services, were accused of treating a section of customers facing mortgage arrears without due diligence....