Regulation

FIVE THINGS

All new business on Standard Life's wrap and FundZone platforms will be done on an advising charging basis from today.

The 'elitist' Retail Distribution Review (RDR) should be delayed to avoid the destruction of the financial advice industry, Lord Flight has said.

Honister Capital's administrator Grant Thornton has released details of a shortfall in assets available to the collapsed company's creditors.

Advisers "should be proud" of their efforts to be compliant with changes set to be introduced at the end of the year following the Retail Distribution Review (RDR), LV='s Steve Lewis says.

Hargreaves Lansdown is set to reveal a new pricing structure to reflect changes brought about by the Retail Distribution Review (RDR), as it reports new business slowed in the three months to 30 September compared with last year.

Adair Turner has said one of the major flaws in the regulatory structure which failed to avert the financial crisis in the UK was that the Financial Services Authority (FSA) "was asked to do too much".

The middle 60% of an adviser's client bank tends to be the "most difficult to service", meaning their work for them is often "reactive", business consultant David Shelton has said.

Goldman Sachs' internal investigation into allegations made by a former employee of a "toxic environment" within the bank has found little evidence to support the accusations.

LINDA WOODALL