One of the biggest challenges facing Financial Advisers today is getting clients to pay decent fees for financial advice, and then getting them to KEEP paying decent fees in return for an ongoing service. 'The Financial Adviser's Survival Guide - How to Succeed and Prosper in a Fee-Only World' can point you in the right direction. You can download a copy for free by clicking here.
Schroders' research reveals a significant number of advisers outsourcing their investment process since the RDR – Stuart Podmore examines the findings.
It was Sir Callum McCarthy's infamous ‘Gleneagles speech in September 2006’ which laid the groundwork for the overhaul of the UK financial services retail distribution business model, something now referred to as the ‘RDR’.
At the beginning of August, the ‘You could not make it up” season got well underway with HM Treasury and the FCA launching a review to examine how to plug the advice gap (their own regulatory actions had caused). Well, they missed that last bit out in the announcement.
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