Regulation

The FSA has confirmed consumers will be able to pay charges direct to an adviser or agree for the provider to pay them from the investment in the post-RDR adviser charging regime.

The Financial Services Authority is to explore changes to the client assets regime in the wake of the Lehman Brothers failure.

SAFETY NET

SALES BIAS?

Insolvency practitioner Probitas has been instructed to begin winding up pension specialist Rockingham Independent.

MEMORY LANE

An independent financial adviser who admitted to offending a client while drinking alcohol has been given the right to appeal an employment tribunal's decision that her sacking was justified.

Tech solutions provider IntelliFlo has launched a personal finance portal designed to offer a new channel of communication between adviser and client.

ARCH CRU

Restrictive covenants in advisers' employment contracts will continue to be enforced despite Towry's High Court loss, according to the law firm that represented Raymond James.