Andrew Tyrie, the chairman of the Treasury Select Committee, has demanded answers from Royal Bank of Scotland (RBS) boss Stephen Hester about the bank's ongoing computer failures.
Today's confirmation that cash rebates will be banned is a 'blow' to wrap platforms and presents a 'significant challenge' to their business models, fund supermarket Skandia has said.
The Pensions Management Institute (PMI) has launched an Retail Distribution Review (RDR) compliant pensions diploma for advisers wanting to boost their knowledge of the corporate pensions sector.
The unbundling of platform charges will result in greater price competition between fund providers, the Financial Services Authority (FSA) said today.
The Financial Services Authority (FSA) has suggested it will not read across its proposed ban on platform rebates to life companies, but has promised to explore the issue further.