Regulation

Santander is to suspend its team of 800 advisers while they undergo an intensive training programme to ensure they are fully skilled for the Retail Distribution Review (RDR).

A boiler room money launderer has been ordered by the court to repay £320,000 in ill-gotten gains.

Firms and individuals are to be encouraged to self-report on instances of market abuse, a senior Financial Services Authority (FSA) figure has said.

Building society Nationwide has stopped offering pension advice and withdrawn its stakeholder product because it cannot facilitate adviser charging.

The Isle of Man government has confirmed that it will be adopting automatic tax information sharing arrangements with the United Kingdom.

Advice firms must send the Financial Services Authority (FSA) data on all of their advisers' professional standards by the 29 January 2013.

Two-thirds of bank staff with sales roles are finding themselves under "more pressure than ever" to hit targets, despite the slew of major mis-selling scandals in recent years, Which? has said.

Some large adviser networks may be forced to "tackle" their independent advisers and switch to a restricted advice proposition in order to survive, according to one chief executive.

A financial services trade body, set up to assist with international policy and regulation, has gone insolvent after thousands disappeared from the organisation's bank accounts without explanation.

FOR SALE