France, Germany and Italy are fighting against introducing a complete ban on commission in their financial services industries despite pressure from the EU, according to Michael Lodhi, chairman of Luxembourg-based Spectrum IFA Group. Speaking at the International Adviser Future Advisory Forum Europe roundtable in London on Wednesday, Lodhi said the three countries, considered the most
South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR) will be introduced on 1 January 2017 – six months after the original deadline. Speaking to International Adviser, Leanne Jackson, a market conduct strategy adviser at the FSB, said the regulator was planning to
More than a quarter of UK financial advisers are working longer hours, charging an average hourly rate of £157 ($226, €199), according to research from British insurer Prudential. The survey, which questioned 206 advisers in the UK in March, found that some advisers work an extra two hours or more each day compared to a year
