Regulation

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.

A Financial Ombudsman Service executive has urged firms to "embrace, encourage and celebrate" complaints, arguing they need to plan for imperfections.

Advisory group Lighthouse is rolling out plans to more than double the number of IFAs in its whole-of-market national proposition, Lighthouse Financial Advice (LFA).

More than a quarter of firms are currently charging a monthly retainer for their services, research suggests.