Regulation

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

The Association of Independent Financial Advisers (AIFA) has called on MPs to ensure the new regulator emphasises the innocence of firms if they are exonerated after the publication of warning notices.

The FSA has banned two advisers for not being "fit and proper".

Sanlam UK has inked a deal with Statehouse Financial Management which will see the Wiltshire-based firm adopt Sanlam's hybrid advice model.

The FSA's acting enforcement head, Tracey McDermott, has said the financial services industry is failing to heed the lessons of previous failures and "has no-one but itself to blame" for low consumer confidence in the sector.

A group of MPs have backed calls by the Financial Services Consumer Panel (FSCP) for firms to sign up to a 'fiduciary duty' under the new regulatory system.

WHO OWNS THE CLIENT?

Towry’s High Court defeat has sparked fresh calls for industry consensus on restrictive covenants. Alasdair Pal takes a look at what future adviser contracts might look like.

Wealth manager St James's Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

Each month we ask leading industry figures to answer one big question...