The pick of this week's articles on IFAonline.co.uk...
It's all about taking one step at a time and at least we know the regulator does seem to at least understands the strength of feeling about FSCS levies.
The FSA expressed some concerns about the use of generic objectives in suitability letters and told paraplanners to challenge advisers about them.
The news about the economy didn't get any better this week, with the revelation that the decline in GDP growth in Q1 was worse than initially thought.
The pick of the week's news stories
Free banking myths
Advisers are constantly told they should not suggest their services are free, so it is probably right that a senior regulator is saying we should also do away with the 'myth' of free banking.
As one of the biggest service providers out there, any move by Simplybiz on restricted advice was always going to be big news. It happened this week.
With its rivals going down the same road, it was inevitable that Paradigm would join the ranks of networks significantly increasing members' fees.
This article continues...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress