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It has been just over four years since the Retail Distribution Review (RDR) was originally launched by the FSA. We thought it would be a good time to “review” some of the key proposals as part of a series over the coming weeks. Read more »

It has been just over four years since the Retail Distribution Review (RDR) was originally launched by the FSA. We thought it would be a good time to “review” some of the key proposals as part of a series over the coming weeks.

The FSA has outlined six main outcomes it hopes to achieve through the RDR: Read more »

For over a year IFAs have been aware that the RDR will bring with it changes to the way they charge their customers. However fee charging rules introduced by the FSA through the RDR have also led to certain aspects of this advice being liable for VAT. Read more »

Treating Customers Fairly (TCF) is something that all IFAs should now be very much aware of. One area of TCF that has caused concern for the regulator and the profession as a whole is the sale of Payment Protection Insurance (PPI). Read more »

Last week the Government launched its Office for Tax Simplification, announcing that the new department will be led by former Conservative Treasury minister Michael Jack. As part of their plans to simplify the current tax system, proposals have been put forward to restrict pensions tax relief. In their consultation document, published yesterday the government set out a number of suggestions: Read more »

A number of IFAs have been contacting us with regards to poor services they have received from various product providers. A few of the examples we have been notified of include firstly Axa who have explained to one IFA that they currently have a turnaround time of 40 working days for pensions work! IFAs are then expected to inform their clients of the delay. Read more »

It is time for a debate about the future of global finances according to Lord Turner the chairman of the FSA. In a speech to the London School of Economics’ Future of Finance conference later today, Lord Turner will say that the debate must go beyond addressing the symptoms of the financial crisis and address the need for radical structural reform. Read more »

RDR is fast approaching and many advisers are thinking about making a move from a traditional commission based approach to a more fees-based approach, or even just considering what to put into the client proposition. But there are many questions:
• How will clients react?
• How do I know how much to charge?
• How do I segment my client bank? Read more »

The new coalition government has set out plans to restructure financial services regulation as we know it. Originally it was thought that many of the key staff would remain in place even though these changes have been described by some within the industry as a major turn-around. Read more »

In the latest FSA Consultation Paper the regulator has confirmed that qualifications together with CPD and standards of ethical behaviour will continue to be key to the future delivery of the RDR. Read more »