Bankhall

Banks systematically sell products and the RDR will not change that, Sesame Bankhall executive chairman Ivan Martin says.

The future of Bankhall's Portavista platform has been thrown into fresh doubt after the support provider announced it would no longer use Capita's Enabler technology to power it.

All personal investment firms (PIFs) will have to hold capital resources worth three months of their annual fixed expenditure (the EBR), the FSA confirmed today.

The FSA is likely to bow to stakeholder pressure by dropping plans to force firms to hold three months' worth of fixed costs as part of its capital requirements for investment advisers, Professional Adviser understands.

Association of IFAs (AIFA) director general Chris Cummings has pledged to continue the fight for work-based assessments of financial advisers not yet qualified to the required QCF Level 4 standard.