Regulation

Firms offering restricted advice are spreading "propaganda" about the apparent difficulties of meeting the Financial Services Authority's (FSA's) new independence rules, according to consultant David Severn, a former head of investment business policy...

Accredited Financial Planning firms are to be offered wider professional indemnity insurance (PII) cover, including full legal liability, under a deal arranged by the Institute of Financial Planning (IFP).

Two marketers acting on behalf of claims management companies have been fined £250,000 by the Information Commissioner's Office, in the first case of its kind.

The New York Attorney General has sued J.P.Morgan Chase for allegedly defrauding investors who lost billions of dollars on mortgage-backed securities sold by Bear Stearns.

WHAT I REALLY THINK

Standard Life has launched its consultancy charging model which will be in place for corporate advisers, employers and trustees after the Retail Distribution Review (RDR).

ALMOST COMMISSION

The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to use distribution agreements and cross-subsidies to 'work around' the Retail Distribution Review (RDR) commission ban.

The Financial Services Authority (FSA) has charged four men with conspiracy to insider deal between 1 November 2006 and 23 March 2010.

Privately owned wealth manager Truestone has acquired Argent UK and Argent Personal Financial Management Limited for £3.5m.