Hopes the FSA will delay the introduction of the RDR have been quashed with the announcement one of its replacement entities, the Financial Conduct Authority (FCA), will not come into being until 2013, IFA Alan Lakey says.

Savers today need to work an extra six years compared with five years ago in order to retire on a comfortable pension, research suggests.

IFAonline rounds up what the newspapers are saying…

St. James's Place has appointed former Skandia tax head Colin Jelley to the new position of divisional director private clients.

Technical Connection's Tony Wickenden will headline a series of tax planning and investment seminars run by Ascentric for advisers and paraplanners.

Sanlam UK is rebranding several of its subsidiaries, including Welsh IFA Buckles, as well as launching a simplified wrap aimed at the discretionary fund management space.

Novia CEO Bill Vasilieff says fund supermarkets face a race against time to update their technology and get in shape for RDR.

Aegon's new Novia-built platform, set for a phased roll-out later this year, will likely offer wrappers including SIPPs, ISAs and an offshore bond.

Ed Dymott says Fidelity is actively lobbying the FSA to re-think its proposed cash rebate ban and is "confident" the regulator will pay heed to the platform community's concerns.

Wealth manager Syndicate Asset Management has promoted Christopher Jeffreys to its newly created Group Executive Committee ("GEC") as director of asset management.