Regulation

The advisory community will pay a smaller proportion of the overall Financial Ombudsman Service (FOS) Levy in 2011/12, although the explosion in PPI cases could cancel out any savings.

The New Model Business Academy (NMBA) is offering members a structured programme to help them attain a Diploma in Professional Financial Advice, in partnership with e-assessment specialist Calibrand.

In an open letter to the FSA, FSCS and Parliament, IFA Informed Choice asks if it is fair to pay a levy equivalent to 1% of turnover for other firms' failures.

The FSCS, FOS and the regulatory environment in general are essential, but something is going "badly wrong" with the system, says Informed Choice executive director Nick Bamford.

Peter Chadborn believes the Retail Distribution Review (RDR) may provide an opportunity for advisers to secure clients that banks cannot afford to service.

Tenet Support Services is considering becoming an accredited body in the wake of the FSA's confirmed policy on professionalism.

Helpfully, at the beginning of every FSA paper, there is a small section outlining who should read it.

Fraud is costing the financial services industry £3.6bn per year, according to the National Fraud Authority (NFA).

Carl Lamb, managing director of IFA firm Almary Green, reveals his plans for RDR.

The financial crisis of 2008 was avoidable and largely caused by corporate mismanagement, risk-taking and inept regulation, says the US government.