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Our industry is facing many challenges. A truly independent intermediary appears to be essential to mitigate the increasing regulatory risks run by wealth managers and to deliver expert, unbiased advice that places the client’s interests first.
Regulatory environment
Existing legislation such as MiFID, the IMD and CRS, and impending regulatory measures, which will take effect in the near future, such as MiFID II, PRIIPs and the IDD, may present challenges for business partners including qualified intermediary status, conduct of business and organisational requirements, cost and charges disclosure, and revised inducement standards.
Examples of regulatory challenges
The areas of impact are numerous, such as: qualified...
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