The UK Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers in exchange for recommending their services.
Growing demand for outsourced fund selection and model portfolio construction in the wake of the UK's Retail Distribution Review is expected to be a key driver of FE's new services proposition, the fund data company said.
The UK's Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to 'work around' the country's Retail Distribution Review (RDR) commission ban.
Geneva-based banking group Syz & Co has introduced income distribution share classes for two of its Oyster funds – Oyster European Corporate Bonds and Oyster Global High Yield.
JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review (RDR) in the UK and has placed the onus on advisers to pick the right share.
The UK Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.
Consumers are generally unwilling to pay a fee for financial advice, according to a survey of 2,000 people in the UK conducted on behalf of the business advisory firm Deloitte. Publication of the survey comes as the UK’s Retail Distribution Review (RDR),...