Regulation

INVESTMENT COMPANIES

LOOSE ENDS

Old Mutual Asset Managers has appointed Steven Brown, formerly of RBS Global Banking & Markets, as head of advisory distribution.

Sesame Bankhall Group, Lighthouse Group, Tenet Group and Intrinsic have all announced support for the Association of Independent Financial Advisers' (AIFA) ‘Fair Liability 4 Advice' campaign.

The Financial Services Authority (FSA) has fined an independent financial adviser £60,000 for the unsuitable sales of Unregulated Collective Investment Schemes (UCIS) and other non-mainstream investments.

Avisers can sign customers up to adviser charging (AC) via the Skandia Investment Solutions platform from today.

The Association of Independent Financial Advisers (AIFA) is urging members to challenge the Financial Services Authority (FSA) over proposals to force advisers to compensate clients invested in Arch Cru.

A government minister has joined the growing number of voices expressing concerns about Money Advice Service chief executive Tony Hobman's remuneration package.

PROFESSIONALISM

Financial advisers will pay a lower fee to fund the Financial Services Authority (FSA) than initially thought after arrangements for 2012/13 were finalised.