eValue's Better Outcomes for All campaign was being launched at its conference in London on today which heard a key note speech from the FCA's Rory Percival. Other speakers included senior figures from AXA Elevate such as David Thompson, eValue's Bruce Moss, Timebank's Damian Davies and UBS Wealth Management's Graeme Price.
The aim of the campaign, says eValue, is for the industry to review developments following the RDR and to focus on the ways in which the financial services industry can better serve the investing public.
It will bring together a wide cross-section of the industry such as adviser firms, networks, product providers, platforms and fund managers to develop ideas and best business practices for the long term benefit of consumers and the industry itself.
The campaign has been launched in response to the RDR and recent Budget reforms, with many advisory businesses seeking to "industrialise" their advice processes.
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Centralised Investment Propositions (CIPs) and model portfolios had been set up with the aim of reducing the cost of advice and ensuring that investment recommendations match consumer attitudes to investment risk.
Bruce Moss, director of strategy at eValue, said: "Whilst these can be good investment solutions, consumers would, and should, also benefit from advice which takes full account of their goals and existing assets and communicates risk in a coherent way. Taking advice to this next level will not only benefit consumers but also advisers by delivering a high value, on-going personalised service".
More details of the campaign are available on the eValue website.