APCIMS

The Association of Private Client Investment Managers and Stockbrokers (APCIMS) is planning to rebrand as the Wealth Management Association to better reflect its membership.

The UK's interests in financial services in the European single market are being heard an "awful lot more" by Europe than people think, according to an investment trade body.

The Association of Private Client Investment Managers (APCIMS) has requested clarification from the Financial Services Authority (FSA) on when the adviser charging rules apply to adviser referrals to discretionary investment managers (DIMs).

Treasury Select Committee chairman Andrew Tyrie has called on individual firms to send him details of how much regulation costs them each year, which the committee will use to challenge further rule-making.

The Treasury is concerned the EU directive MiFID II will distort the UK advice market by restricting the commission ban to independent advisers.

The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.

The Investment Management Association (IMA) is considering bringing a judicial review of the FSCS interim levy on behalf of its members, in the same week IFAs have erupted in open revolt over the issue.