The number of financial adviser firms will shrink to 10,000 by 2013 as firms
attempt to comply with Financial Services Authority proposals in the Retail
Distribution Review, Ernst & Young says.
An E&Y report warned that IFA firms are threatened by new rules set out
in the review, along with the ongoing fallout from the financial crisis.
The cost of better quality advice for consumers in the long-term will be a
big reduction in the number of qualified advisors in the short-term, the report
The FSA estimates that nearly 20 per cent of financial adviser firms are
loss-making and that a further 24 per cent have profit margins below five per
cent of turnover.
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed