Editor’s Comment: Why independent is best

I must confess I have a problem with restricted financial advice.

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86% of advisers offer independent advice

Nearly 9 in 10 financial advisers offer independent rather than restricted financial advice, according to data published this week in the FCA’s Retail Mediation Activities Return (RMAR) report for 2022.

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Investment adviser revenue falls 1% in 2020

Reported total revenue earning from retail investment intermediation fell by 1% to just under £4.4bn according to data drawn from the FCA’s retail mediation activities return (RMAR) for 2020.

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FCA proposes changes to Retail Mediation Activities Return


Four major changes will be made to the financial reporting form advisers use to submit annual returns to the FCA, if new proposals launched today are adopted. Read more...