Regulation

The Solicitors Regulation Authority (SRA) is to recommend that its members are allowed to refer clients to both restricted and independent advisers.

People have little awareness of the Retail Distribution Review (RDR) despite grasping the importance of financial planning, research has found.

The Financial Services Authority (FSA) has issued a public censure against Capita Financial Managers (CFM) for its failings in relation to the CF Arch Cru funds between June 2006 and March 2009.

AXA Wealth will put its platform at the centre of its business operation after the Retail Distribution Review (RDR) and is set to cut its pricing model significantly.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch Cru redress scheme has been postponed due to the overwhelming response to the regulator's consultation.

Hundreds of suspected tax dodgers received letters from HM Revenue & Customs (HMRC) this weekend stating their financial affairs are under close scrutiny.

Providers have lost their primary means of competing with one another and are "starting to seem desperate" ahead of the Retail Distribution Review (RDR), Phil Billingham operations director of Perceptive Planning has said.

There is a danger that loss-making provider-owned networks will fall foul of the Financial Standard Authority's (FSA) rules on cross subsidsation, according to one network director.

LEGAL SERVICES

AXA Wealth's long-term pension plan and onshore investment bond are Retail Distribution Review (RDR)-ready, offering advisers flexible charging options.