The pick of this week's articles on IFAonline...
The reluctant Mr Sants
FSA supremo Hector Sants (pictured) hasn't exactly endeared himself to advisers - or indeed anyone else - in recent years, so when he told MPs he never really wanted the chief executive job, you can imagine how some readers reacted.
Fees and levies
The industry's watchmen revealed the fees and levies for the coming financial year: overall costs at the FSA are up, although advisers will pay less, FSCS levy is broadly the same although there could be another dreaded interim levy and the Money Advice Service is doubling its budget.
An interesting case from the Pensions Ombudsman, which found in favour of Friends Life after a consumer had complained it misled him about the nature of its treatment of additional voluntary contributions.
FSA v MiFID
It was always going to be a long shot, but the FSA confirmed what we already expected. The MiFID II legislation will not allow restricted advisers to continue taking commission.
Naming and shaming
Advisers and providers may have their doubts, but the Financial Ombudsman Service looks set to go ahead with naming businesses involved when it published its final decisions.
Fun and games with the CII
The CII wants more young people interested in becoming financial advisers and firmly believes a board game could be the solution. It also wants advisers to volunteer in schools and offer more placements.
Thought you had the whole VAT on advice issue nailed? Think again. HMRC has tweaked its guidance again and the good news is that more advice will become exempt.
Pensions minister Steve Webb recently told MPs small employers should not seek ‘expensive' advice for auto-enrolment and his comments certainly provoked plenty of debate.
Are we in the middle of another tech bubble. That's the questions many investors and advisers will be asking after Facebook announced details of its IPO, involving some seriously staggering figures.
23% fall since Q1
Achievements, charity work and other happy snippets
Including advice firm Chadkirk WM
More dates to be announced
Lowest level since 2016