Analysis: South Africa’s commission conundrum continues
Upfront commission remains a burning issue in South Africa, as the nation’s financial advice sector awaits the regulator’s next move following the signing of the ‘Twin Peaks’ legislation into law.
Key regulatory changes to keep an eye on
From the Isle of Man Financial Services Authority’s planned commission disclosure requirement to the Middle East Insurance Authority’s move to tighten capital requirements for licenced brokers, there is plenty of significant change happening on the regulatory front.
South Africa’s RDR to tighten independence rules for advisers
When South Africa’s Retail Distribution Review (RDR) is fully introduced, product suppliers to IFAs will be held much more accountable for customer outcomes, according to Caroline da Silva of the country’s main regulator, the Financial Services Board.
UK’s RDR has failed to bring advice to the masses
The Retail Distribution Review (RDR) regulations, which banned commission and introduced a fee-based model for advisers, has failed to improve the accessibility of financial advice, according to industry stalwart Peter Mann.