Axa Wealth has announced a restructure of its sales and support team in a move which puts 50 jobs at risk.

Cofunds has appointed Barclays Stockbrokers as exclusive provider of its new stock trading service.

The government is preparing to sanction a £1m-plus bonus for Royal Bank of Scotland (RBS) chief executive Stephen Hester.

Who moved where in another busy week in financial services?

FundsNetwork has urged the regulator to change tack and include platform re-registration under adviser charging principles as part of a wide-ranging critique of the regulator's legacy asset paper.

Jason Britton, formerly a fund manager at T. Bailey, has launched an investment management consultancy ahead of the retail distribution review (RDR).

Bond funds enjoyed a surge in popularity among execution-only clients in the final quarter of last year, according to platform Cofunds' latest sales figures.

FSA rules around legacy assets are "unclear" and "incomplete" and could result in less transparency for consumers, according to the Investment Management Association (IMA).

Platform FundsNetwork is developing functionality to allow advisers to declare whether or not their post-RDR activities constitute "advice" in a bid to clear up ambiguities surrounding legacy commission.

Insurer Aegon has warned of the "disastrous" ramifications of removing trail commission following a fund switch - a move the FSA hinted at in its latest consultation paper on legacy commission.