All financial advisers have to be approved or authorised by the regulator, the Financial Conduct Authority. They must all pass the same qualifications and meet the same requirements to ensure they are providing suitable advice. […]
Guide Tags: Retail Distribution Review (RDR)
Why do I have to pay for financial advice?
Since the beginning of 2013, consumers have had to pay for financial advice. This followed the introduction of new rules by the government as a result of the Retail Distribution Review (RDR). Other rules were also introduced at the same time, such as minimum qualifications for advisers. […]