Regulation

Sanlam Private Wealth is on the verge of acquiring three IFA businesses as its growth strategy of purchasing the client books of retiring advisers gathers pace.

The Financial Services Authority (FSA) has proposed a set of rules dictating how firms which sold payment protection insurance (PPI) must contact potential mis-selling victims to inform them of their rights.

A shadow minister has pulled back from an attempt to amend legislation to ensure Financial Services Compensation Scheme (FSCS) costs are minimised.

The immediate impact of the RDR is on IFAs - however, the ripple effects will be felt strongly throughout the financial advice and retail investment sector. As advisers are completing higher qualifications, many players are devising and testing new business...

#ASKHOBAN

Lobby group Adviser Alliance has had its application for a judicial review into the absence of an industry long-stop rejected - but has vowed to continue the fight for a time-bar on complaints.

The deputy chairman of the Conservative Party has expressed concerns about Hector Sants' proposed appointment as the head of one of the Financial Services Authority's successor bodies, and hinted at more dissent from fellow Treasury Select Committee (TSC)...

FIVE THINGS

The Association of Independent Financial Advisers (AIFA) has announced that LV= has become an associate member of the organisation.

Geir Haarde, the former Icelandic Prime Minister, is to go on trial on charges of negligence during the 2008 financial crisis.