Scott Campbell recently wrote an article for the SA based MoneyMarketing publication on the outsourcing business model. In the ever changing world of retail investment advice, the standard business models across our industry – and an ever growing number of jurisdictions around the world – continue to evolve, with many financial service providers forming partnerships
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
Standard Life Investments (SLI) has written to financial advisers in the UK informing them that they will no longer receive renewal commission on SLI retail class shares from 31 March 2016. Those affected will be IFAs who advised business held directly with SLI before 1 January 2013. SLI believes that the changes will align the
Life companies in South Africa could “run into trouble” if they do not start working on changes to their businesses soon, said a senior figure for Old Mutual, ahead of the country’s imminent Retail Distribution Review. The reforms will replace commission payments with fees for advice, similar to legislation introduced under the RDR in the
Each year, November normally serves as the last full month in which we look to finalise the year’s activities. In December, we traditionally start to prepare for a well deserved break, with the ultimate aim of arriving back in January full of vigour and a well thought-out strategy under our arm. This time around however, our industry
