Regulation

Ed Dymott, head of commercial and business planning at Fidelity International, reveals what it will take to get your business RDR-ready.

A financial adviser for Lloyds TSB who took almost £140,000 from his children's school and from his clients has been jailed for 18 months.

A new joint committee of six MPs and six peers is to enquire about consumer responsibility under the new 'twin peaks' regulatory system as it begins its pre-legislative scrutiny of the draft Financial Services Bill (FSB).

Sesame Bankhall Group today backed MPs' call for a 12-month delay to the implementation of RDR, saying the move could mean an additional 500,000 clients continue to benefit from advice from its IFAs.

Delaying the introduction of the retail distribution review (RDR) by one year, as proposed by MPs last week, could result in an extra 10% of advisers remaining in the industry, IFA network Openwork said.

A proposals to delay the RDR by 12 months to give financial advisers more time to meet its rules appeared, initially, to receive a mixed response.

The Financial Services Authority (FSA) should increase salaries by 50% at its successor agencies in order to prevent employees moving in to the private sector, according to one headhunting consultancy.

The RDR is bound to disappoint because it will fail to meet its public policy objectives and widen the advice gap, according to wealth manager Fowler Drew.

The government has rejected calls to prioritise a review of Financial Services Compensation Scheme (FSCS) funding.

Hector Sants, the current chief executive of the Financial Services Authority (FSA), and Bank of England governor Mervyn King have been named among the most influential people in the European capital markets.