Regulation

Chartered Insurance Institute (CII) research into consumers' views of the Retail Distribution Review (RDR) suggests a large untapped market of individuals who could be brought into financial advice for the first time as a result of the regulatory changes....

The Financial Services Authority (FSA) has clarified that advisers who only advise on passive investments do not meet the requirements needed to call themselves independent.

LIBERATED?

Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).

A larger-than-usual increase in pension sales in the final three months of last year suggests a "push for commission" among financial advisers, according to research consultancy Fundscape.

FEES

CUT DOWN

The banks and building societies found by the Financial Services Authority (FSA) to be putting their customers at risk of receiving unsuitable investment advice should be identified, according to the Financial Services Consumer Panel (FSCP).

Santander is closing its advice service to new business in light of changes brought on by the Retail Distribution Review (RDR).

Consumers are less likely to surrender on some life and pensions products if they were sold to them by an IFA, data collected by the Financial Services Authority (FSA) suggests.