Significant changes in the financial services industry came into play at midnight on 31 December 2012. These changes meant that financial advisors are now required to be much clearer in the detail of how their services are paid for. The days of hidden commissions and surprise, unclear charging structures are [...]
The Retail Distribution Review (RDR) has its roots in aiming to give more clarity for individuals looking to invest. It also had the aim of raising the professional standards of financial advisors and removing what has, for some time, been considered a conflict of interest in how advisors are paid. [...]
At the start of 2013, the Financial Services Authority (FSA) introduced significant changes to the way in which investors can pay financial advisers for pension and investment advice. At the centre of these changes was the banning of commission payments, which in the past had often been hidden within other [...]
