Regulation

The board of the Financial Ombudsman Service has appointed Amerdeep Somal as the new independent assessor for the service.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided they are passed on to consumers in full in the form of additional units.

PLATFORMS

Restricted adviser St James's Place is set to capitalise on a number of high-profile exits from the advice market by high-street banks.

The number of Chartered financial planning firms has increased by almost a quarter in the last 12 months, according to figures published by the Personal Finance Society (PFS).

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-Retail Distribution Review (RDR).

The Financial Services Compensation Scheme (FSCS) is looking to recruit - and is offering a hefty salary of £100,000 a year.

Financial adviser Richard Bishop has decided to move out of regulated advice and adopt a non-advised model because he said fees and ad-hoc levies have become unmanageable.

A wide ranging survey of more than three hundred wealth managers and advisers suggests the industry is being forced to re-examine its value proposition in light of the implementation of the Retail Distribution Review (RDR).

NOT SO SUPER