Regulation

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.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

CASHFLOW

UCIS

IFA support provider SimplyBiz has received more than 90 expressions of interest from member firms keen on taking on advisers affected by the administration of adviser group Honister Capital.

The Association of Independent Financial Advisers (AIFA) has criticised the FSA's handling of the administration of Honister Capital.