Morningstar's Adviser Centre

The latest news, views and analysis impacting professional investors, financial advisers and wealth managers

Morningstar 18 April, 2019 | 10:19AM James Gard
Facebook Twitter LinkedIn

Financial advice

Professional, independent advice is needed now more than ever; thanks to recent changes to pension regulation thousands of investors have access to considerable savings at retirement. Many of these investors have limited financial literacy, yet are tasked with the responsibility of securing multi-decade financial provision.

Prior to the implementation of the Retail Distribution Review (RDR) in January 2013 the majority of investors dealt with an adviser – whether it was on a regular basis, or to offer periodical advice at key life events.

The then Financial Services Authority implemented RDR in a desire to improve professional standards, and remove the potential for advisers to recommend products based on commission. While there was considerable angst in the period leading up to the change it is now viewed as a positive move.

The pension freedoms put a greater onus on the individual to provide for themselves in retirement – coupled with the changing regulatory landscape and Britain’s exit from the European Union is creating a perfect storm for financial advice and professional investors.

Latest Morningstar Insights

UPDATED WEEKLY: Latest Fund Rating News from Morningstar Analysts

Why Forecasting Shouldn't Drive Investing

China Economy Grew 6.4% in Q1

Will the UK Economy Rebound After Brexit?

Markets Assume US Has Dodged Recession

Why Bonds Matter in a Portfolio

Animation 3 website image

Adviser News & Research

Do You Need to Like Your Financial Adviser?

2019 Spring Statement: is Pension Tax Relief Now Safe?

FCA to Clamp Down on Exit Fees

Financial Advisers Brace for Rule Changes in 2019

Strategic Beta ETF Market Still Expanding

Regulation banner

Regulation, Brexit, Politics and The City

Brexit Delayed to October 31

Could a Brexit Deal Could Trigger Next Economic Shock?

BNY Mellon Predicts Post-Brexit Bounce

Risk of Disorderly Brexit Very High, says Bank of England 

Hammond Promises Brexit Dividend

Asset Management News

Jupiter European Funds Downgraded After Manager Change

More Funds Add ESG Criteria

Fund in Focus: Fundsmith Equity

Top Performing Funds in Q1

Top Performing Investment Trusts in Q1

The ISA at 20 - Funds Proliferate But Investors Prefer Cash

portfolio banner

Back to Basics Education for New Clients

What is a Fund?

What is a Stock?

What is a Bond?

What is a Pension?

 

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Morningstar  

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures