15 December 2011
Aifa has concerns over the FSCS legal action on Keydata.
The concept of service has turned into the next hot thing, which means it is being overcooked.
Nic Cicutti says the most vociferous defence of trail is coming from those who won’t lift a finger to earn it.
As RDR approaches the FSA is expecting product providers to have a structure in place to deal with orphan clients.
Tom Selby reports on a chaotic years for pensions as the Government delays automatic enrolment for small firms.
Sam Macdonald says it was a year of frustration for platforms thwarted in their plans by an indecisive regulator.
Jonathan Polin says wealth managers can offer many leading IFAs a new home once the RDR is implemented.
Steve Tolley says 2011 was the year the regulator saw Parliament bare its teeth.
The FSA has had to contend with a year of investment scandals as it tries to lay the foundations for the RDR.
We need to rename execution-only as “no advice”.
Advisers have attacked Standard Life and Friends Life over claims they are attempting to tempt clients into ditching their IFA and dealing with them directly.
Ascentric is calling for platform providers to submit a third joint response to the FSA outlining their opposition to a cash rebate ban.
BDO has warned that the EC could force the financial transaction tax on all member states, including the UK, by changing it from a tax to a charge.
Move is designed to tackle higher National Insurance Contributions paid by employers and employees if contracting out for DB schemes is abolished.
Sharon Bowles has furiously attacked the Government’s approach to last week’s European negotiations.
Experts warn David Cameron’s decision could reduce the UK’s influence on financial services in Europe.
Financial Services Bill committee member Baroness Drake says the new regulatory structure is likely to deliver more effective regulation.
The European Council is at odds with other European institutions over the funding model and maximum guaranteed compensation levels of the investor compensation scheme directive.
European securitisation bodies are launching a new kite-mark system for high-quality asset-backed securities in a bid to boost confidence.
IFAs may face MF Global claim levy under the FSCS.
Fund managers say the current volatility is likely to remain, with markets unimpressed by last week’s new European intergovernmental treaty.
Novia and AJ Bell have both rejected requests from Intelliflo to pay a percentage of client assets per year rather than an upfront fee to integrate client data.
Brokers are warning that lenders could withdraw their higher-loan-to-value mortgages if the eurozone crisis worsens.
Mattioli Woods plans to enter the Qrops and Qnups market with offerings in Malta.
Firm introduces financials into its Euro opps fund and adds exposure to its global equity fund.
Treasury and the FSA say firms should make their own minds up.
The FSA identified regulatory failings at Transact during a wider investigation into how the platform industry protects client money.