Schroders has closed Joanna Shatney’s Schroder US Alpha Plus fund after it attracted less than £7m in assets in two years.
Fund manager is leaving to take break from the industry.
Resignation sees Davies leave with immediate effect following 15 years with the firm.
Platform says it will not be seeking to recover £10,000 trail already paid.
Firm say they are moving away from charging on a percentage of client assets basis.
Capital Economics wants scheme shelved to cool housing market.
IFA Centre, Apfa, and the PFS argue a full review of the RMAR is still needed.
Skandia head of wealth planning Colin Jelley says trusts are still attracive for IHT planning despite changes.
Advisers feel the cost of their service has become too high for some clients’ needs.
I cannot promise we will get rid of reporting altogether. But what I can promise is we will continue to listen to your concerns.
The disparity between the burden of regulation for investment advice and the low oversight of gambling or payday lending needs to be addressed.
An encounter with the FCA shows why adviser firms, particularly smaller firms, need streamlined approach to regulatory reporting.
Mattioli Woods chief executive says a greater focus on costs caused by the RDR will lead to consolidation in the financial adviser market and the end of the small IFA.