Top Story
Pru: Restricted advisers being too open with clients
Provider expects shifts to models to come in the next 18 months as ‘biggest transition’ begins.
About
Redefinition of the requirements for operating as an independent adviser will place a greater burden on those seeking to adopt or retain the IFA label. As such, there is speculation that this could lead to a diminution of the number of IFAs in favour of the broadly-defined restricted alternative.
News
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London IFA acquires two client books worth £35m
Fallout from the RDR has provided ample opportunity for acquisitive advice firms, company MD believes.
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Advisers back Sifa, Law Society on independence climbdown
Although changes could damage IFA business FSA’s redefinition does not reflect nature of business, advisers argue.
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IFA Centre ‘only’ body just for independent advisers
Trade body’s managing director Gill Cardy says her organisation is the only one left to represent independent advisers exclusively.
Analysis & Opinion
RDR Transition: ‘We hung on to clients, but it was tough’
Dundee-based IFA says move to fees will be through a “my way or the highway” approach.
Welcome to the world of the restricted IFA
Is the big-firm shift to restricted a cause for concern, and is restricted really restricted?
Firms reveal restricted advice propositions
Increase in firms announcing business structures ahead of RDR
Recent Articles
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SRA referrals move fails to address holistic planning needs
Advisers warn referring business to non-independent firms cold result in a conflict of interest for solicitors.
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Solicitors rail against ‘liberalisation’ of referral rules
Law Society urges solicitors to “disregard the liberalisation of the handbook” and continue to only recommend IFAs.
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SRA to allow non-independent solicitor referrals
Solicitors’ trade body will this week recommend a loosening of referral rules to its board.
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24% of advisers are walking RDR tightrope: FSA
Almost a quarter of financial advisers are on the brink of being unable to give advice from 1 January, the FSA’s latest figures have indicated.
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Blackrock: Two thirds unwilling to pay for advice
More than half of survey respondents say neither transparency, nor qualifications, nor impartiality will increase their trust in financial services.