The Information Commissioner's Office (ICO) has fined Prudential £50,000 for a "farcical" mix-up where two clients with identical names had their accounts merged.

Fund manager Hermes is to launch its UCITS range on a UK platform for the first time.

A third of advisers are still not qualified for the Retail Distribution Review (RDR), which comes into force in eight weeks, according to Aviva.

Fidelity has appointed head of platform operations Pat Shea to run its FundsNetwork platform.

Advisers using Morningstar Adviser Workstation will today be able to auto-import client data from the Cofunds platform.

Hargreaves Lansdown is to use its apprenticeship scheme to expand adviser numbers post-Retail Distribution Review (RDR).

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The Financial Services Authority (FSA) has written to providers and platforms expressing its concerns about facilitating adviser charging payments.

Nucleus chief executive David Ferguson has criticised Skandia's plans to buy up restricted advice firms to increase distribution.