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Morningstar's Adviser Centre

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

Emma Wall 9 January, 2018 | 10:19AM

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 advise 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 their indemnity commission terms. While there was considerable angst in the period leading up to the change it is now viewed as a positive move.

The pension freedoms, the Guinea pig generation, 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.

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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.

About Author Emma Wall

Emma Wall  is Senior Editor for