Regulation

RUNNING FOR COVER

The number of complaints to banks and building societies rose by almost 70% in the first half of the year, mainly related to sales of payment protection insurance (PPI), figures published by the Financial Services Authority (FSA) show.

There could be as many as 1,000 extra mortgage advisers operating in the industry within the next few years as intermediaries cancel their investment permissions as a result of the Retail Distribution Review (RDR), according to Martin Reynolds, CEO of...

The fund management industry has "nothing to hide" on charges, the Investment Management Association (IMA) said, following remarks from a Financial Services Authority (FSA) executive suggesting investors have "valid questions" about what it is they are...

ON THE CLOCK

National advisory group Foster Denovo has launched a financial planning service incorporating a transparent pricing structure as part of its plans following the Retail Distribution Review (RDR).

BlackRock is set to launch its online Retail Distribution Review (RDR) tool for advisers on the Aegon platform.

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.