Regulation

The rise in costs in the Financial Services Authority's (FSA's) latest invoice could encourage firms to manipulate figures to achieve a lower bill, an adviser has warned.

The executive team at the Financial Services Authority (FSA) shared out more than £300,000 in bonuses in the 15 months to the end of March, although chief executive Hector Sants handed his to charity.

The Royal Bank of Scotland is to cut 618 roles within its financial advice arm as a result of the retail distribution review (RDR).

Following The Solicitors Regulation Authority's announcement that it will launch a consultation into adviser referrals, one adviser letter to the body urges it to carefully consider the case for restricted advice.

Hector Sants has warned London's position as a global financial Centre is under threat due to the UK financial sector not rethinking its business models quickly enough in the face of political upheaval and regulatory change.

Fund and tax wrapper choice is the prime factor advisers consider when selecting a platform, research suggests.

Parmenion has been selected as the sole provider of investment infrastructure for CAERUS Portfolio Management Limited (CPML), the fund management arm of CAERUS Capital Group.

The majority of advisers do not understand the structure of exchange traded funds (ETFs), research suggests.

RSM Tenon is to transfer its listing category on the AIM stock market from 'premium' to 'standard' in a bid to create the regulatory flexibility required to easily buy and sell assets.

Financial secretary to the Treasury Mark Hoban has stressed the twin peaks regulatory regime will be accountable to Parliament.