Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

PLATFORMS

Concerns about advisers piling into commission-paying products ahead of the Retail Distribution Review (RDR) have proven unfounded, according to the experience of one provider.

Ascentric has appointed Philip Gilder and Jason Owen to its propositions team.

Old Mutual is to launch a range of at-retirement products, in a bid to rival upscale wealth managers like St James's Place.

Peter Mann, the chief executive of Skandia UK, has said the firm will target restricted advisers as part of a plan to become an integrated wealth manger.

James Hay has added more than 100 new funds to its platform, including a number of risk-rated and multi-manager offerings.

The Serious Fraud Office (SFO) has been forced to drop its investigation into property tycoon Robert Tchenguiz and his role in the collapse of Icelandic bank Kaupthing due to insufficient evidence.

Alliance Trust Savings (ATS) plans to increase assets on its adviser platform seven-fold by 2015.

FIVE THINGS