Adviser / Broking

Joint committee recommendations for a clause stipulating the importance of financial advice in the Care and Support Bill has the potential to transform the advice market, Partnership has said.

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.

FCA removal of commission on protection products would be a "complete disaster" but could happen, adviser network Tenet has warned.

Jon Round's colleague Toni Smith from First Complete finds a way to protect adviser commission

The Care and Support Bill should stipulate that local authorities must recommend regulated independent financial advisers, to care funders a joint committee has recommended.

The Money Advice Service (MAS) is working on "difficult" plans to measure take-up and success of simple protection products.

Aviva has added second opinion and practical guidance services to its critical illness products for adviser client policyholders.

Outgoing Biba chief executive Eric Galbraith is to be replaced by the industry body's head of compliance and training Steve White.

The publication of Aegon income protection claims data today has brought the industry one step closer to full transparency, the Income Protection Task Force has said.

Economic uncertainty has sparked an increase in people setting up small businesses, advisers have said.