Stay updated with breaking news from லிஸ் புலம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The business case for diversity is clear - yet advisers are slow off the mark professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
Advisers back FSCS levy cut plan as PIMFA urges FCA to go further professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
PIMFA wants new consumer duty to be clearer for firms moneymarketing.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymarketing.co.uk Daily Mail and Mail on Sunday newspapers.
An advice gap is the inability for some people to access financial advice. It happens when demand for financial advice from consumers grows, without a commensurate increase in the industry’s capacity to meet this demand. Like in Australia, a tightening of regulations in the UK is a key reason for the advice gap. In the UK, a regulatory regime called the Retail Distribution Review (RDR), which is similar to our Future of Financial Advice (FoFA), was introduced in 2012 to tighten industry standards. Like FoFA, RDR meant a shift for the industry from commission-based payments to a fee-for-service model. It also required advisers to have higher qualification standards, similar to Australia’s Financial Adviser Standards and Ethics Authority (FASEA) exam. ....
Consumer champions lobby govt for tougher online protection By Michael Klimes 7 th May 2021 9:33 am Seventeen of the most influential consumer groups have called on the government to crack down on internet scams. They urge the government to include online scams in its proposed Online Safety Bill in a joint letter to the Home Secretary and Digital Secretary. The organisations want consumers to be better protected against the financial and emotional harm caused by these crimes. Scams have escalated in the past 12 months as Action Fraud figures showed £1.7bn was reportedly lost to scams in the last year. Many criminals have shifted their activity online as Action Fraud estimates that in the year to June 2020, 85% of all fraud was cyber-enabled. ....