Regulation

Fiona Murphy asks how advisers are preparing for RDR and how they are keeping clients informed.

The Financial Services Authority (FSA) has charged a trader with seven offences, including fraud and forgery, relating to an unauthorised investment scheme he operated.

Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-the Retail Distribution Review (RDR).

The Financial Services Authority (FSA) and Treasury "seem to be in denial of the pending shambles' caused by the Retail Distribution Review (RDR), Lord Flight has argued.

CONDENSED

A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.

IN THE NEWS

The Financial Services Consumer Panel (FSCP) has downplayed prospects of a cap on liability for financial advice, indicating it would strongly oppose any reintroduction of the 15-year long-stop.

Victims of Bernard Madoff's fraud are being mailed a slice of a $2.4bn payout, bringing their total recovery amount so far to more than triple the amount initially set aside.

Her Majesty's Revenue & Customs (HMRC) has won a court case defeating a widely-used scheme to avoid stamp duty land tax (SDLT).