This week's news… condensed

Wealth management The FSA well and truly put wealth managers under the microscope after announcing it was broadening its review of the sector. Rising costs With the FSA splitting up next year, could the cost of regulation go up? Compliance experts certainly think so. Wealth tax Nick Clegg (pictured) continued his attempts to alienate his coalition partners even further by proposing an emergency tax on wealth. Restricted advice Mattioli Woods became the latest big name to commit to restricted advice post-RDR, focusing initially on its SIPPs and bespoke investment products. ...