28 Jul Advisers May Face Extra VAT Charges in Wake of RDR
Some groups are warning that the VAT status of adviser charging is to become more complex and may lead to advisers being forced to beat more costs in VAT unless contracts are reviewed....
28 Jul IFP Chief Claims Delaying RDR For Another Year Would Send Wrong Message
Nick Cann, the chief executive of the IFP, has claimed that a delay to the implementation of the retail distribution review by another year will send out the wrong message to consumers and indicate that their is a lack of confidence in the method when...
28 Jul Free Seminar to be held for IFAs to Provide Info on RDR
A free seminar is to be held with the aim of helping IFAs to offer independent advice after the RDR takes effect it to be held by the Personal Finance Society on 6th September. The seminar will aim to help IFAs understand the new regulations...
21 Jul MPs Urge FSA to Scrutinise Bank Advisers’ Adherence to RDR
MPs have urged the Financial Services Authority (FSA) to ensure that bank advisers' commit to full adherence to the upcoming RDR rules, as they believe that less scrupulous advisers may not follow the regulations as they should....
21 Jul Chief Executive of Panaxea Comments that RDR may Lead to Mis-Buying
Derek Bradley, the chief executive of Panacea, has recently commented on the upcoming RDR. He believes that the changes in regulations will lead to more people buying annuities online. This, in turn, could lead to mis-selling due to consumers lacking the financial planning knowledge required....
21 Jul Treasury Select Committee Criticises FSA’s Fast rejection of RDR Recommendations
The Treasury Select Committee (TSC) has written to the Financial Services Authority (FSA) today to criticise the groups extremely fast response the the TSC's recommendations....
13 Jul Advisers Urged to Revise Platforms as RDR Looms
The constant alteration of platform prices and propositions needs to be properly monitored by financial advisers if they are to be properly prepared for the upcoming RDR regulations according to a platform analyst for MarketWatch....
13 Jul FSA Fined A2O Directors Over Compliance Failings
The Financial Services Authority has fined a pair of ex-directors of Alpha 2 Omega (A2O) for widespread compliance failures that saw them fail in their duty of care to their customers. Comprar Dostinex Online Compliance Director Andrew Ruff was fined £28,000 while Managing Director...
13 Jul TSC to Deliver Verdict on RDR This Week
The Treasury Select Committee's report on the upcoming Retail Distribution Review (RDR) guidelines is due to be published on Saturday 16th July, according to Nick Davies, press officer for the Commons Select Committee....
07 Jul FSA Bans Two Brokers Over Failure to Treat Customers Fairly
The Financial Services Authority (FSA) have banned a pair of insurance brokers after both were found to have mistreated their customers....