Regulation

The ban on rebates from fund managers to platform providers is to cost platform operators up to £10m a year, the FSA has estimated.

The FSA has decided to apply its ban on platform rebates to execution-only propositions.

Industry trade bodies have criticised proposed changes to the Financial Services Compensation Scheme (FSCS) sourcebook.

The Financial Services Compensation Scheme (FSCS) has begun the process of dealing with claims from clients of failed spreadbetting firm Worldspreads.

The Financial Services Authority (FSA) has publicly censured Kaupthing Singer and Friedlander Limited (KSFL) for failures in the assessment and reporting of its liquidity position in 2008.

MONEY ADVICE

The Association of Independent Financial Advisers (AIFA) has appointed Clare Griffiths from the Financial Services Compensation Scheme as its new senior policy adviser.

The Personal Finance Society (PFS) has launched its final guide to determine whether member firms will meet the criteria of the Retail Distribution Review (RDR).

Standard Life has revealed further details of its Retail Distribution Review (RDR) charging structures ahead of a 15 October ‘go live' date.

Cofunds has launched its client segmentation and updated fee flexibility functionality as part of the platform's efforts to help prepare advisers for the Retail Distribution Review (RDR).