Conservative MP Mark Garnier has expressed frustration at the confusion over whether it is politicians or regulators who are responsible for determining if the financial advice industry re-introduces a long-stop on complaints.

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.

The distraction of the Retail Distribution Review (RDR) for advisers and challenging market conditions have been blamed for a 40% dip in net inflows onto Skandia's platform in the first half of this year.

The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double dip recession.

The Financial Ombudsman Service (FOS) is set to move ahead with plans to allow most businesses to fight up to 25 cases per year without having to pay case fees, following support from the industry.

The Financial Ombudsman Service (FOS) has rejected calls from industry stakeholders for claims management companies (CMCs) to be charged FOS fees and levies.

Changes could be made to the Financial Ombudsman Service (FOS) board ahead of the industry-wide regulatory upheaval next year.

Financial advisers are prioritising the speed of doing new business with platforms as the most important factor when selecting a provider, research suggests.

FIVE THINGS

The Financial Services Compensation Scheme (FSCS) has raised the spectre of further levies to compensate Bentley-Leek Financial Management customers invested in collapsed property schemes.