Regulation

The pick of this week's articles on IFAonline...

Schroders has cut the initial charge on a range of unit trusts from 5.25% to 3.25% ahead of the Retail Distribution Review.

A group of senior politicians and pension providers have called on the Financial Services Authority (FSA) to review the impact the retail distribution review (RDR) will have on pension provision.

HMRC has published its final guidance setting out when VAT will be exempt on adviser charging arrangements post RDR. Here are the guidelines in full.

Advisers unable to evidence that a VAT exempt transaction has taken place will be charged at the standard rate, final HMRC guidance states.

The Association of British Insurers (ABI) has criticised the 'adversarial' remit of the industry's proposed new regulator, the Financial Conduct Authority (FCA).

The Association of Independent Financial Advisers (AIFA) has launched a campaign to help advisers protect against long-term liabilities.

The Financial Services Authority (FSA) has warned shareholders in industrial and provident societies about the suitability of their investments and the risks they face.

Sesame has blamed claims management companies (CMCs) for a near-100% rise in the number of complaints against it being referred to the Financial Ombudsman Service (FOS).

Openwork has launched a support service for its advisers seeking financial assistance while transferring to a fee-based model.