WMA: Scrap RDR definition of independence
The Wealth Management Association (WMA) has attacked the "failure" of the RDR to clearly define 'independent' advisers and suggested MiFID II's description would be a better suggestion.
In its response to the Financial Conduct Authority's discussion paper on MiFID II, the body questioned several of the planned proposals which will be implemented across Europe. The FCA paper Developing...
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