Regulation

A third of advisers are still not qualified for the Retail Distribution Review (RDR), which comes into force in eight weeks, according to Aviva.

The chairman designate of the incoming Financial Conduct Authority (FCA) has said talking to regulated businesses will be a key part of his role at the regulator, and sales incentives are at the top of his agenda.

Just Retirement has confirmed its schedule for accepting new business ahead of the Retail Distribution Review (RDR) and forthcoming gender neutrality.

An adviser who recommended a client invest most of his pension savings in an offshore property fund has been told to purchase his client's investments and compensate him following a ruling by the Financial Ombudsman Service (FOS).

The Association of Private Client Investment Managers (APCIMS) has requested clarification from the Financial Services Authority (FSA) on when the adviser charging rules apply to adviser referrals to discretionary investment managers (DIMs).

Lloyds Banking Group is hoping to raise £1bn from the sale of its 60% stake in St James's Place Wealth Management(SJP), according to reports.

The Serious Fraud Office (SFO) has officially ended attempts to trace the assets of Keydata bond manager SLS Capital SA, after a lack of success.

Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.

CONDENSED

HSBC is to convert its whole-of-market advisory proposition into a restricted advice model next year, Investment Week, IFAonline's sister title, understands.