|
|
Home > Business/Finance > Financial Services > Financial Management
The Future of the Financial Advice Market: reforming polarisation and beyond (Special Edition)
|
| Published Date:
April 2002
Published By:
Datamonitor
Page Count:
117
Order Code:
R313-3392
|
|
|
|
(Special Edition)
INTRODUCTION
What is this report about?
Who is the target reader?
EXECUTIVE SUMMARY
Changing the polarised world
The overall consequences if polarization is abolished
Implications for the financial advice market
CHANGING THE POLARISED WORLD
Introduction
The history of polarization
Strengths and weaknesses of polarization
FSA Consultation Paper 121 (CP121)
Key proposals from CP121
Potential outcomes stemming from the FSA’s CP121
Option 1 (abolition) is the FSA’s preferred option
Option 1 - abolition of polarization
Option 2 - adopted products concept
Option 3 - introduction of distributor firms or ‘multi-ties’
THE OVERALL CONSEQUENCES OF DEPOLARIZATION
Introduction
Remuneration
Introduction of a defined payment system
Life and pensions distribution with the introduction of a defined payment system
Retail investment distribution with the introduction of a defined payment system
The advent of fees
Life and pensions distribution with the introduction of fees
Retail investment distribution with the introduction of fees
Implications for the future market structure
The future of commission-based remuneration
Life and pensions distribution under a commission-based structure
Retail investment distribution under a commission-based structure
Implications for future market structure
Probable future for each advice channel
Independent financial advisers (IFAs)
Future market structure for IFAs
Distributor firms or multi-tied advisers
Future market structure for distributor firms/multi-ties
Authorized financial advisers (AFAs)
Future market structure for AFAs
Tied advisers
Future market structure for tied advisers
IMPLICATIONS OF DEPOLARIZATION FOR THE KEY PLAYERS IN THE MARKET
Introduction
Implications for financial advisers
Independent financial advisers
Summary of the key points for IFAs
Non-independent financial advisers
Summary of the key points for non-independent financial advisers
Implications for non-independent financial advisers with the abolition of
polarization
Product providers
IFA product providers
Summary of the key points for IFA product providers
Implications for IFA product providers with the abolition of polarization
Non-IFA product providers
Summary of the key points for non-IFA product providers
Implications for non-IFA product providers with the abolition of polarization
APPENDIX
Research methodology
Composition of Datamonitor’s IFA research panel
Questions asked to Datamonitor’s IFA research panel
Responses not utilized in the body of this document
Definitions
Further reading
Bibliography
Wider readings
Relevant links
Contacts
IFA Service writing team
How to contact
© Datamonitor 2002. All Rights Reserved.
|
Similar Products
• Financial Planners and Investment Advisors
Published Oct 2008 by First Research, Inc.
• Open-End Investment Funds in the US - Industry Risk Rating Report
Published Oct 2008 by IBISWorld
• Financial Planning & Advice in the US - Industry Risk Rating Report
Published Oct 2008 by IBISWorld
• Plimsoll Analysis- Independent Financial Advisors (UK)
Published Oct 2008 by Plimsoll Publishing Ltd.
• Aging Population in the Western World - Investment Opportunities
Published Sep 2008 by Frost & Sullivan
• Financial Planning & Investment Advice in Australia - Industry Risk Rating Report
Published Sep 2008 by IBISWorld
• Financial Advisors' Views of Service
Published Sep 2008 by Datamonitor
• Financial Planning & Investment Advice in Australia - Industry Market Research Report
Published Aug 2008 by IBISWorld
• Annuities - UK
Published Aug 2008 by Mintel International Group Ltd.
• Munder Capital Management
Published Jul 2008 by SGA Lists
|
|
|
|
0 items
