Regulation

CONDENSED

Royal London-owned wrap Ascentric is running half day RDR Workshops for firms which have transitioned to the Retail Distribution Review (RDR) or are in the process of doing so.

The Financial Services Authority (FSA) has expressed concerns about provider preparedness for changes set to be introduced following the Retail Distribution Review (RDR).

The government has confirmed its plans to force banks to ring-fence their retail operations, as well as other measures recommended by the Independent Commission on Banking (ICB).

Sesame is facing an Financial Services Authority (FSA) complaint over allegedly negligent advice given by a member firm.

The Financial Services Authority (FSA) has called on firms and individuals to tell them about bad behaviour within the marketplace to strengthen the regulator.

The Financial Services Authority (FSA) has expressed its frustration at the slow pace at which changes to the regulatory structure are taking place.

Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

It has long been argued that one of the effects of RDR will be to leave middle England unable to afford financial advice. However, Towry chief executive Andrew Fisher has argued that actually there is a 'clear solution' to the problem.

The Financial Services Authority (FSA) is delaying implementation of its platform fund reporting requirements by one year due to "operational issues" which have recently come to light.