Regulation

Trade body the Tax Incentivised Savings Association (TISA) will set up a committee to monitor the Financial Services Authority's Client Assets and Client Assets and Client Money Rules.

A former broker at Pacific Continental Securities (PCS) has been fined £30,000 by the Financial Services Authority (FSA) and banned for passing on inside information to customers and other failings.

Zurich UK Life is to restructure the business into a three-pronged proposition, with one unit to cater for all pre-retail distribution review (RDR) business and products.

DEAR APPLICANT...

Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.

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.