Regulation

Insurer Zurich UK has reported a drop in income from its private client business following the ban on commission introduced as a result of the Retail Distribution Review (RDR).

The independent tag is now meaningless and likely to 'wither on the vine', according to one wealth management director.

The Financial Ombudsman Service's (FOS) executive team has earned a total of £1.442m including benefits in the 2012/13 financial year, according to its audited directors' report and financial statements published last week.

HM Revenue & Customs (HMRC) has successfully challenged a stamp duty land tax avoidance scheme, protecting some £68m of taxpayers' money.

Adviser support group Tenet's petition asking the government for a long-stop for financial advice complaints has reached 2,098 signatures in only ten days.

HM Revenue and Customs (HMRC)'s decision to crackdown on tax avoidance schemes is "ten years too late" according to Rebus Investment Solutions chairman Adrian Cox.

The Financial Conduct Authority (FCA) is concerned about execution-only, or non-advised, sales and the commission payments that such transactions are still allowed to collect.

The Financial Conduct Authority (FCA) is concerned about being too retrospective in its approach and said further work needed to be done to improve certainty for regulated firms, board minutes have revealed.

Aviva's Personal Pension and Scottish Life's Pension Portfolio were the two most commonly selected pension contracts by financial advisers over the previous 12 months, according to research from Capita Financial Software (CFSL).

The Institute of Financial Planning (IFP) recorded a pre-tax surplus of more than £60,000 in 2012, thanks in part to a £22,000 profit achieved by FPSB UK, its qualifications awarding body launched at the beginning of last year.