Regulation

INNOVATION

Paraplanners and discretionary fund managers will be the primary beneficiaries of increased outsourcing among advisers, research suggests.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.

The Financial Services Authority (FSA) should tighten up the way some providers market their services, according to one adviser who says he is continually bombarded by providers pushing commission.

Sesame is to raise its standard fixed fee for the second time in a year following a "multi-million pound" technology investment.

Advisers have largely supported a High Court decision to allow a couple to pursue their IFA firm for extra compensation, even though it had already paid them £100,000 following a Financial Ombudsman Service (FOS) decision.

St James's Place (SJP) and Standard Life are two of the few companies to benefit from the Retail Distribution Review (RDR), according to analysts at Investec.

F&C Investments has launched the first capital-protected RDR-compliant share class in the UK for its Lifestyle range and other multi-manager funds run by Gary Potter and Rob Burdett.

Cheshire-based financial planning firm Clarion has split its business in two creating a wealth management and an investment management arm.

The Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.