Regulation

FIVE THINGS

The Royal Bank of Scotland (RBS) is to challenge a court order requiring it to co-operate with an international criminal investigation into rate-fixing.

CONDENSED

Independent advisers must lobby the Solicitors Regulation Authority (SRA) in a bid to convince it not to soften its rules around referrals to independent advisers, according to SIFA compliance director Ian Cockerill.

The Financial Services Authority (FSA) has admitted it still has plenty of work to do on educating the public on the Retail Distribution View (RDR), but said advisers will also have to play their part in explaining the changes to the market.

The Financial Services Compensation Scheme (FSCS) has pledged to continue pursuing advisers it alleges mis-sold Keydata products.

Wealth management group Ashcourt Rowan has appointed two chief executives to head up its financial planning and asset management divisions.

OUTSOURCED

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

The Financial Services Authority (FSA) is encouraging advisory businesses to review their replacement business sales processes.