RDR

COMPLIANCE

ORPHANS

Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.

The Financial Conduct Authority (FCA) has outlined the scenarios in which the payment of cash rebates from providers to consumers can continue after a wider ban comes into force next year.

A group of MPs will next year evaluate the impact of the Retail Distribution Review (RDR) - with a particular focus on the ban on commission - in what represents the first independent, external probe into the RDR's influence.

BEHAVIOURAL FINANCE

CHARGING

MOTIVATION

Hargreaves Lansdown has said it expects to introduce its new pricing model for funds in "early 2014" as it reported pre-tax profits of £195.2m, a jump of 28%.

The Association of Professional Financial Advisers (APFA) has praised a commitment by the Financial Conduct Authority (FCA) to refund some of the costs of existing consumer credit licences (CCLs) to holders before they expire in April.