Regulation

Simon Ellis, managing director of Legal & General Investments, explains why index funds should not be viewed as the poorer relation of their active cousins and why investors are no longer using them to just tap into developed market growth.

INTERIM LEVY

The Financial Services Compensation Scheme (FSCS) says it does not expect any major investment failures in the next financial year after setting another interim levy for financial advisers.

The Financial Services Compensation Scheme (FSCS) has confirmed a £60m interim levy for financial advisers and other investment intermediaries.

Standard Life CEO Paul Matthews said he is excited about the roll-out of the retail distribution review (RDR) next year, as he expects more advisers to use its fee-ready wrap and investment solutions.

Almost 90% of advisers support calls to introduce a long-stop for the financial advice profession, research suggests.

The FSA has raised concerns that advisers are adopting a "one size-fits-all" approach to platforms and not adequately managing conflicts of interest.

The government has legislated to prevent a tax avoidance scheme involving the use of fake property businesses.

In today's Retail Conduct Risk Outlook the Financial Services Authority (FSA) identified the five products it feels pose the greatest mis-selling risk to consumers.

The Financial Services Authority (FSA) has cited a number of potential concerns it believes could lead to consumer detriment as firms make changes to their business models ahead of RDR implementation next year.