Regulation

OUTSOURCING

MPs have continued to heap criticism on the Money Advice Service (MAS), with questions being raised about the lack of focus in its role.

CHARGING

INCENTIVES

TITANIC'S SUNK

Scottish Life is the latest provider to accept requests from former Honister Capital IFAs to transfer in bulk the advisers' clients to their new employer.

The Financial Services Authority (FSA) has warned adviser businesses they risk mis-selling to consumers, even with the abolition of commission, if they remunerate their staff based on the revenues they earn.

Greg Clark, a minister in the Communities and Local Government department, has taken over from Mark Hoban as financial secretary to the Treasury, as part of the government reshuffle.

James Hay Partnership has notified advisers of its Retail Distribution Review (RDR) proposition ahead of its implementation in 2013.

Architas is offering the option to map its funds to the FinaMetrica risk-profiling scale, to help advisers match their clients with the group's funds.