Four NDFA structured product plans will go ahead, despite the firm being placed in administration.
Structured product providers made only ‘marginal' improvements to their product literature following the collapse of Lehman Brothers in September 2008, the FSA says.
Three adviser firms have been referred to the FSA's enforcement division over failings relating to Lehman-backed structured product sales.
Structured product provider Arc Capital & Income has today gone into administration.
Much has been said since the latest RDR consultation about the cost and time it will take for advisory business models to make the transition to accommodate adviser charging.
Resolution's takeover of Friends Provident has received approval from the FSA, and is expected to complete on 5 November.
European markets opened up 1.0% this morning (FTSE Eurofirst 300 and FTSE 100) led by the banks and commodity stocks.
MetLife has appointed Adam Dooley as UK sales director, completing its senior management team.
The UK economy is still in recession, official figures have revealed, with GDP falling 0.4% between July and September.
IFA, paraplanner, administrator: The perfect team, so says Capital Asset Management's Tony Yip.