Industry news and views from Panacea and our partners.
RDR_
Prudential: Keeping on Track with RDR
We have created this section to help you understand the key regulatory requirements which were introduced following the RDR.
PS 13/3: Restricting the retail distribution of UCIS
We take a look at the policy statement which sets out the new rules for the promotion of unregulated collective investment schemes (UCIS) and close substitutes.
FundsNetwork: Client reviews in a post-RDR world
In this post-RDR environment, it is increasingly likely that advisers will have or will be in the process of shifting their businesses to one that secures its revenues largely from regular or recurring ongoing fees.
Aegon: What has RDR ever done for us?
RDR is here, and as we adapt to it Im reminded of a Monty Python sketch. No, not the Spanish Inquisition or even the Dead Parrot, but one of the best from the Life of Brian 'what have the Romans ever done for us?'
FundsNetwork: No small change benchmarking the adviser business
Guide produced by CWC Research, in association with FundsNetwork, aims to set target benchmarks for advisory firms post-RDR
How to Succeed and Prosper in a Fee-Only World
One of the biggest challenges facing Financial Advisers today is getting clients to pay decent fees for financial advice
Ascentric launches post-RDR guide
Independent wrap platform Ascentric has launched a new guide, Getting-fit for a post-RDR World, which contains ideas to help adviser firms stay fit and succeed in the new regulatory environment.
FundsNetwork - future proofing your business model seminars
RDR has finally arrived and as you continue to deal with the intended and unintended consequences, it's clear that the need for advice has not diminished.
Ascentric: Adviser confidence grows post-RDR
82% of advisers are more confident about the financial services sector than this time last year
Money Marketing: Are you confident your business is compliant?
Money Marketing is hosting a series of exclusive morning seminars designed to give practical advice to financial advisers on how to ensure they are compliant with the new regulatory environment post-RDR.
Scottish Widows: A fork in the road
Rob Kerr of Scottish Widows tells Professional Adviser how his firm is supporting advisers post-RDR, whether they go down the independent or restricted route
A story of confusion and progress By Klare Baldwin, Head of Marketing, FundsNetwork
So R-day arrived and thankfully the world as we know it didnt blow up as many seemed to fear. However, while the passage of time has helped to clarify many things, confusion continues to surround some important topics.
Aegon: Hannibal had one and I dont mean an elephant!
You will all have heard of Hannibal the great and his Elephants but how many of you know about his greatest victory at the battle of Cannae?
Aegon: How to overcome the New Year blues
Christmas is well over the New Year is here and RDR is a reality how do you feel?
Aegon: 2013 - The year of Service
Henry Ford the great American industrialist and pioneer of the assembly line production method is also famous for his business quotes.
Thinking on your feet
Lets imagine that the doors of the lift have just opened. Inside stands your perfect, prospective business investor.
Ready or not, here it comes!
New Year resolutions wont save us now at any rate, not unless its the finishing stages of implementing January 2012s resolve.
Bah humbug or merry Christmas and a happy RDR year!
While the bookies now offer odds of 4/1 on a white Christmas the best offers on a Christmas related bet have to be that it is odds on we will have at least 4 film versions of Charles Dickens A Christmas Carol on the box over the festive period.
Aegon: Help to communicate your value
Time is a valuable commodity and to save some of yours we have developed a range of templates to help you communicate the value you add to your clients. Every advisory firm will need to highlight the service it provides for clients and why they should pay for this.
Scottish Widows: Replacement business and centralised investment propositions (CIP)
2012 has been an exceptionally busy year for both advisers and providers in preparing for the new post RDR world
Aegon: Consultancy Charging in Auto-enrolment Schemes - Corporate Advice Limbo
With the RDR deadline now less than four weeks away, the way it will apply to the corporate pensions market has been thrown into confusion.
Survey closing
FSA head of investment intermediaries Linda Woodall was reported as saying: We are encouraged to see a large number of advisers plan to provide advice to people with smaller pots to invest. It is important that a range of services will be available for consumers once the changes to financial advice come in.
NMBA RDR Survey Results
Thank you to the 1,300+ of you who participated in the survey. Your feedback will help us to support you further once the RDR comes into force from 31st December 2012.
View Legal & General's RDR ready proposition
RDR isnt just about one day and, for us, its about making sure we understand your business and the needs of your customers.
MetLife and the Retail Distribution Review
The Retail Distribution Review (RDR) is possibly one of the biggest regulatory overhauls our industry has ever seen. Its a big change not only for you, but also for your clients and product providers like us.
BlackRock Transitioning Tool
To help you make the transition to a fee-based model, we've developed this online Transitioning Tool to assist you with key decisions around changes you may need to make to your practice, such as fee models and client servicing propositions.
Deloitte: RDR will leave five million without advice.
I'm sure you will find the content of this research article below deeply disturbing, but it reinforces the majority of IFAs view, that the FSA has made once again, a massive blunder in implementing RDR and banning commission in such a short time scale.
Say it's not so!
Over the last four weeks we have been running a snapshot poll on RDR readiness. Over 600 have responded and so far only some 21% of respondents say they will be ready
Temple Bar: AGE DISCRIMINATION AND RDR LEVEL 4
Its quarter to midnight on the RDR clock but could denying IFA's grandfathering be illegal under age discrimination laws as it disadvantages older financial advisers?
LV= confirms RDR strategy
Retirement specialist LV= today confirms that its retirement products and systems are RDR ready, and the different charging methods that will be implemented from 31 December 2012
The Magic ISA Pot
A young, recently FPC qualified adviser knocked on a door promptly for his appointment, he knew the prospect, as they had been school pals
NMBA: Share YOUR view of the RDR and the future of financial advice
Share YOUR view of the RDR and the future of financial advice as we (NMBA) build what we hope will be the BIGGEST survey the profession has seen.
The Panacea Twitterview - Adviser charging
On 4th October Panacea ran a Twitterview with Equifax My Touchstone.
Aegon: What is your elevator pitch?
In 2013 the world of UK Financial services changes, we all know that or do we?
Ascentric ready for RDR
Independent wrap platform Ascentric says the provision of transparency to advisers and clients, as required by RDR
Aegon: Develop services your customers want and will pay for
A question I keep getting asked by advisers is what should my service proposition look like. To be honest I dont have the answer because its their business and their clients needs.
FundsNetwork Restricted vs Independent Guide
Deciding which advice model to adopt You will be acutely aware that the financial services industry is facing some of the most profound changes it has ever seen as a result of the FSAs Retail Distribution Review (RDR).
100- everyone on your marks .
One hundred is the square of 10 One hundred is the basis of percentages with 100% being a full amount. It is the sum of the first nine prime numbers thus 100 is a Leyland number. 100 is a Harshad or Niven number.
BlackRock: helping advisers transition their business
In a recent survey, 64% of advisers highlighted that the ongoing profitability of their business is the most important concern for them post the Retail Distribution Review (RDR)* - are you one of these advisers?
Aviva: Independent or restricted advice?
The Retail Distribution Review is changing the face of advice. By the end of this year, advisers will have to choose whether theyre offering independent or restricted advice.