Regulation

National IFA and consolidator Bellpenny has agreed a deal to use Capita Financial Software's research and risk profiling tool Synaptic Fusion.

The Serious Fraud Office (SFO) has been called in to investigate Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), according to reports.

Two-thirds of clean share classes are more expensive than their bundled equivalents, according to research by consultancy firm Adviser Asset.

FIVE THINGS

Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.

Former world heavyweight boxing champion Mike Tyson is suing his financial adviser for allegedly embezzling more than $300,000 from him.

The four largest accountancy firms in the UK have been criticised for being too dominant by the Competition Commission.

REGULATION

GOING IT ALONE

RDR