Regulator clarifies expectations in thematic review update
Banks would reap the biggest rewards from a return to advice paid for by commission, advisers have said, as the highstreet giants also eye profits from robo-advice.
The Income Protection Task Force (IPTF) has said it is "delighted" by the recent publication of income protection (IP) claims statistics by insurance companies, and argued the move would boost consumer confidence in the market.
The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).
The number of customers using the Money Advice Service (MAS) is up 62% from 1.2 million in 2011/12 to 2.1 million in 2012/13, according to full-year results released today.
Aviva is to stop offering direct investment and protection advice for its customers from 31 May.
Aviva has opened its platform proposition to all advisers registered on the Aviva for Advisers (A4A) website.
The Money Advice Service (MAS) has put an increased emphasis on 'budgeting' in its Business Plan 2013/14 released today.
The Financial Conduct Authority (FCA) has appointed three chairmen, including the chief executive of Nationwide, to lead the independent panels set up to represent its constituents' interests and provide independent views to the regulator.