Independent wrap platform IFDL is putting its direct-to-consumer (D2C) business Fundsdirect up for sale.

It has a population of about 20,000 and is best known for its cathedral and markets, but the Cornish city of Truro may currently be the best place to be an independent financial adviser, research suggests.

Adviser support group Tenet has launched a tool to help its directly-authorised members calculate their capital adequacy requirements.

FIVE THINGS

Barclays will be among a number of major banks this week to set aside further money to compensate customers mis-sold payment protection insurance (PPI) and interest rate swaps, according to reports.

Prudential is being criticised for including quotes for with-profits annuities alongside conventional annuities in information packs sent to retiring customers.

The Bank of England (BoE) has named Sir John Cunliffe, currently the UK Permanent Representative to the European Union, as deputy governor for financial stability, replacing Paul Tucker.

Adviser network Financial has selected Capita's Synaptic Fusion technology platform for use by its 400 members.

Harlequin, the property investment group engaged in the development of luxury overseas resorts, has won a court case against a former contractor it said had misappropriated money meant for property development.

The Financial Conduct Authority has published the results of the first stage of its three-pronged review into firms' compliance with new rules following the RDR.