Regulation

Individuals fined and suspended by the FSA can now qualify for a shorter suspension as well as a reduced fine under changes made to its settlement discount scheme.

Joel Adams, joint-CEO of lift-financial and PFS Chartered Financial Planner of the Year 2010, says we shouldn’t fear RDR changes.

The FSA must close a ‘liquid­ation loophole' which many advisers use to shuffle the cost of complaints onto the industry-at-large via the FSCS, according to a claims management firm.

RDR critic Alan Lakey has likened revising for more exams at his age to carrying out community service.

Verena Ross, international director of the FSA, has been nominated by the 27 EU member states to be the first head of the European Securities and Markets Authority (ESMA).

Vanguard Asset Management has devised a guide to help investment advisers conquer post-RDR advice rules in just five steps.

A tenth of advisers are considering the 'restricted' advice route after 2012, significantly fewer than recent estimates, new research suggests.

Verena Ross, international director of the FSA, is vying to become executive director at the European Securities and Markets Authority (ESMA), according to reports.

The Treasury has confirmed the RDR will not impact upon the ability of firms based in Europe to advise clients in the UK, although it insists the use of passporting to evade regulation will not be permitted.

A total of 678 signatures have been collected for a petition to the FSA and the Treasury calling for a review of the funding of the FSCS.