Former The Apprentice contestant and mortgage broker Christopher Farrell today received a nine-month suspended prison sentence for doctoring applications to hit sales targets.

Tenet commercial director Peter Lane has left the business, while Rupert Robson has left his position as non-executive director.

Tenet Support Services is considering becoming an accredited body in the wake of the FSA's confirmed policy on professionalism.

AIFA director general Stephen Gay has criticised RDR pressure groups and skeptics while defending the role of trade associations in fighting regulation.

Industry experts today expressed concerns advisers are still unsure of the post-RDR definition of independence.

Six men have been convicted for deception and money laundering offences which netted them £10m.

Only 7% of IFAs are currently employing a fee-only remuneration model, although an increasing number are now planning to move away from commission.

The FSA has banned five individuals and fined another for failings which led to mortgage fraud.

A key piece of research used by the FSA to justify new professionalism standards is based on a decade-old study of fund managers, IFAonline has learned.

The Association of Investment Companies (AIC) has appointed a new training manager to provide support for advisers post-RDR.