Regulation

The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.

Andrew Tyrie, the chairman of the Treasury Select Committee, has stepped up his efforts to make the Financial Conduct Authority (FCA) more accountable to Parliament than its predecessor, the Financial Services Authority (FSA).

HONESTY

The number of financial advisory businesses intending to trade on a purely independent basis in 2013 is falling, according to a poll comparing sentiment now with a year ago.

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.