Five key developments this week, summarised below...
The industry got a better idea of how the Financial Conduct Authority (FCA) will go about its business, including its intention to ban firms from marketing or distributing individual products where it identifies consumer detriment.
Also on the regulatory front, Hector Sants ruled out any possibility of the FCA rewarding firms with lighter touch regulation for good behaviour.
Pensions continued to dominate the headlines, whether it was the accusation from MPs that the Department for Work and Pensions reforms were a ‘train crash' or the strikes by public sector workers over the changes to their deals.
Meanwhile, two of the major banks had very different ideas about the future of financial advice in their businesses. Lloyds announced its plans to expand its bancassurance activities, seeing an opportunity for growth with RDR, while HSBC confirmed it will be axing 460 advisory jobs because of RDR.
A few advisers also found themselves paying for their misdemeanours, including two IFAs banned by the FSA over suitability of advice failings, and an ex-Lloyds TSB adviser being told he faces jail for defrauding two of his clients and misusing funds from a primary school.
Check out this brief explanation of financial life planning
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till