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Regulation

Investing in the profession

Video: What is an SPS and why do I need one?

Every adviser will need a statement of professional standing (SPS) - effectively a practicing certificate for financial intermediaries - to continue seeing clients from 1 January 2013. But what exactly are they? And will clients care?

clock 31 January 2012 •

Regulation

FSA says RDR commission ban compatible with MiFID II

The Financial Services Authority (FSA) has confirmed it will press ahead with the ban on commission, despite suggestions European Commission proposals could hamper, or even put an end to, its plans.

clock 31 January 2012 •

Regulation

FSA drafts former Lazard vice chair as bank adviser

The Financial Services Authority (FSA) has appointed a former vice chairman of Lazard & Co as its investment banking sernior adviser.

clock 31 January 2012 •

Regulation

Former financial adviser admits to £1m fraud

A former financial adviser has admitted to defrauding clients out of more than £1m over a 20-year period.

clock 31 January 2012 •

Regulation

'Sorry' Sants says he never wanted top job

Hector Sants, chief executive of the Financial Services Authority (FSA), said yesterday he was "talked into" applying for the most senior post at the regulator as he apologised for the failure of RBS.

clock 31 January 2012 •

RDR

Ex-Cofunds chief launches private equity venture

Brett Williams, the former head of platforms Cofunds and Skandia, has launched a private equity firm with targets including financial services groups.

clock 30 January 2012 •

Regulation

FSA reveals powers of 'superior' PRA

A draft report released by the FSA today has further detailed the relationship between the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).

clock 27 January 2012 •

Regulation

Osborne grabs power over Bank of England

The Treasury today published the Financial Services Bill, which when passed will enshrine the new regulatory structure in law.

clock 27 January 2012 •

Wrap/platforms

Advisers 'too busy' to choose a platform - research

Nearly half of advisers have still not signed up to a platform - because they are "too busy" running their businesses and preparing for RDR, research suggests.

clock 26 January 2012 •

RDR

Facing up to price-sensitive clients

Paul Harrison, head of business consultancy at Prudential, explains how having a clear and open remuneration model can improve the efficiency of your business.

clock 26 January 2012 •
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