The Financial Services Compensation Scheme (FSCS) has reduced the amount of compensation it is planning to collect from AWD Chase De Vere over its sale of Lifemark-backed Keydata investments, the national IFA has said.

Mutual life and pensions company Royal London has announced the management team for its intermediary propositions, following the appointment of Hugh McKee as chief executive last month.

The number of registered chartered financial planners in the UK has almost doubled from three years ago, and now tops 3,000, figures show.

VALUE OF ADVICE

Technical specialist at the FSA Rory Percival told advisers that too many firms that had adopted Centralised Investment Propositions (CIPs) were aspirational and "not realistic" when assessing their client banks.

Aviva has launched its initial adviser charging guide detailing which products qualify and how adviser charging will be enabled on those products.

John Deane, intermediary chief of Royal London, is to leave the company after five years.

Risky, expensive, over-complicated: just some of the accusations leveled at structured products. But are these fair conclusions?

The Pensions Management Institute (PMI) has launched an Retail Distribution Review (RDR) compliant pensions diploma for advisers wanting to boost their knowledge of the corporate pensions sector.

Guardian Financial Services is to acquire 300,000 in-payment annuities from pension fund consolidator The Phoenix Group.