A pensions analyst who authored a report criticising the industry has spoken about the ‘vitriolic' reaction from independent financial advisers (IFAs) to his recommendations.

FIVE THINGS

CONDENSED

The Financial Services Authority (FSA) has expressed concerns about provider preparedness for changes set to be introduced following the Retail Distribution Review (RDR).

The government has confirmed its plans to force banks to ring-fence their retail operations, as well as other measures recommended by the Independent Commission on Banking (ICB).

The Financial Services Authority (FSA) has called on firms and individuals to tell them about bad behaviour within the marketplace to strengthen the regulator.

The Financial Services Authority (FSA) has expressed its frustration at the slow pace at which changes to the regulatory structure are taking place.

Martin Lewis, the man behind Money Saving Expert, has launched a blistering attack on the Money Advice Service (MAS), describing it as a 'narcissistic brand-building exercise'.

A Conservative peer has drawn parallels between the collapse of Arch Cru and the Bernie Madoff scandal, stressing the need for the regulator to do more to protect consumers.

INDEPENDENCE