Regulation

John Porteous, chartered and certified financial planner, considers whether advisers really need to have independent status post-RDR.

The High Court today ruled banks must look again at hundreds of thousands of PPI cases, following an unsuccessful judicial review by the British Bankers Association (BBA) against the FSA.

Advisers and providers will need to be mindful of breaching regulatory rules when drawing up adviser charging contracts, an RDR paper by Deloitte warns.

Michael Ellam, managing director of the Treasury's international and finance directorate, has been appointed chairman of the EU's financial services regulation committee.

The OFT has revoked the consumer credit licences of four debt advice businesses after they targeted consumers with misleading unsolicited mailings.

Michael Wall, managing director of Beaumont Robinson, explains why the new regulatory environment does not signal Armageddon for advisers.

There's still time to get your firm in order for RDR. Rebecca Thorpe, principal at Bovill, offers her guide to meeting the requirements.

Half of consumers could shun fees altogether and those prepared to pay will cap the price at £300, less than half the current average cost, according to research from the ABI.

The FSA collected £96.7m in fines in the 12 months to the end of March, almost trebling the £33.1m taken during the previous year.

Nearly three-quarters of financial services practitioners support giving the regulator the power to ban retail products, research suggests.