Regulation

FSA bosses have assured MPs they have no current plans to raise qualification requirements above level 4 after the RDR deadline.

The FSA has defended its stance towards the commission ban but conceded the new charging structure could still be biased.

The FSA says it will put in place a post RDR programme to monitor levels of consumer trust in advisers.

FSA chief executive Hector Sants has told the Treasury Select Committee (TSC) the RDR is not designed to bridge Britain's savings gap.

It took a while, but the past six months have seen politicians in Westminster finally take note of RDR and the way it may impact advisers and consumers.

The FSCS has admitted flaws in its funding model in the wake of industry outrage over the interim levy.

Mark Garnier has expressed his surprise at the scale of industry disillusionment with the Financial Ombudsman Service (FOS) and asked advisers for more details.

Mark Garnier has insisted only the FSA can change the course of RDR, despite the interventions of politicians and ministers.

Goldman Sachs European economist Ben Broadbent will replace Andrew Sentance as external member of the Monetary Policy Committee (MPC).

Advisers must pass a one-day 'professional discussion' on four case studies and a technical interview to reach QCF Level 4 via the CII's alternative route, launched today.