Regulation

John Ions, chief executive of Liontrust, has warned asset managers they face a threat from the growing power of distributors as Retail Distribution Review implementation approaches.

Providers attempting to avoid being classified and regulated as platforms could see additional rule changes from the Financial Services Authority (FSA), according to its head of investments policy.

Deputy Prime Minister Nick Clegg has called for benefits such as free television licences, winter fuel payments and bus passes to be taken away from wealthy pensioners.

RDR

Asset management firms outsourcing parts of their investment process may be abdicating their responsibility to the consumer, according to the Financial Services Authority (FSA).

Some businesses will not be allocated a dedicated superviser from next year as the regulator - the Financial Conduct Authority (FCA) - looks to adopt a "proactive" rather than "reactive" approach.

Schroders' Retail Distribution Review (RDR) gap-fill training programme has been awarded Chartered Insurance Institute (CII) CPD accreditation.

Kames Capital is launching a Global Equity Income fund for Piers Hillier and Mark Peden, while the group has also announced details of its new RDR share classes.

Canada Life has announced its post-Retail Distribution Review (RDR) proposition and the charging options it will make available on its products.

Fidelity FundsNetwork will roll out its Retail Distribution Review (RDR) ready adviser fees service on 8 October, facilitating ongoing, initial and specified fees.