Regulation

Aberdeen Asset Management has launched a Retail Distribution Review (RDR) share class for its multi-manager range.

The Financial Services Authority (FSA) has agreed to increase an ex-gratia payment to a firm unnecessarily contacted by a debt collection agency, after the complaints commissioner deemed its initial offer inadequate.

Advisers are confused about the rules over independence and single platform use, according to data from Skandia.

CONDENSED

The Financial Services Compensation Scheme (FSCS) will be able to make small claims payouts without even investigating the eligibility of claimants, under rules confirmed by the Financial Services Authority (FSA).

The Law Society has urged the Solicitors Regulation Authority (SRA) to rethink proposals to allow referrals to restricted advisers, warning of a 'clear risk' to law firms.

VAT

Removal of commission from investment markets will help raise all-time low levels of consumer confidence in financial services, the Financial Services Consumer Panel (FSCP) has said.

COMPLAINTS

MASS MARKET MISTAKE