The Retail Distribution Review (RDR), which was published by the Financial Services Authority, came into effect on 31 December 2012. A new attempt to make charging for financial advice more transparent, the review was met with fear and skepticism within the financial advisor circle at the same time as being recognised as a real attempt [...]
Rarely out of the headlines, the financial services sector has had its fair share of difficulties of late. Irrespective of fines and changes in regulation, the stories of mis-selling and misbehavior abound. The Financial Services Authority (FSA), which was introduced in 1997, was the brainchild of the then Chancellor of the Exchequer Gordon Brown and [...]
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 charges applied to investment products. [...]
