The pick of this week's articles on IFAonline.co.uk...
No charge, no regulation
An interesting amendment to the Financial Services Bill was proposed by two Labour MPs which could lead to financial advisers not having to be regulated if they do not charge for their services
The FSA issued its final guidance for firms using centralised investment proposition, and there was a third way proposed for advisers using DFMs.
The pick of the week's news stories
Europe pulled even further away from adopting RDR-style rules, with news that it was rethinking its plans on abolishing commission for some advisers.
Strong words from FSA chief Martin Wheatley, said the regulator would become tougher on repeat offenders.
No that it is about to be consigned to the scrap-heap, even the chairman of the FSA admitted it had a damaged reputation.
Money Advice Service
After months of pressure over both the performance of the his organisation and the size of his pay packet, there was little surprise when Tony Hobman announced his resignation from the Money Advice Service.
Anyone out there who thought simplified advice was never going to take off may have been intrigued by what Martin Wheatley had to say this week.
The Solicitors Regulation Authority began consulting on plans to allow referrals to restricted advisers, and SIFA suggested it had little choice but to do this.
$17trn of debt is now ‘paying’ a negative yield
Faces substantial prison term
General election on 12 December
‘Widespread problem’ researchers claim