Regulation

The Financial Services Authority is set to provide final guidance on simplified advice this week.

The Financial Services Authority (FSA) has fined Coutts & Company £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls.

Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.

FIVE THINGS

The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.

The vast majority of advisers intend to remain in the industry and offer independent advice after 2013, in a sign advisers have "accepted" RDR, research suggests.

The FSA is to look into charges levied by UK fund management groups after its head of investments policy queried why they had been rising in recent years.

A bill in Australia widely seen to mirror the UK's Retail Distribution Review has been passed by its parliament - albeit in a watered down form.

The Association of Independent Financial Advisers (AIFA) is still hopeful of more amendments to the Financial Services Bill, including the reintroduction of a long-stop, after the legislation progressed through its latest stage.

An "alarming" 80% of client assets are from the over-50s age group, according to research.