Network Alpha to Omega has been told by the FSA it is unable to take on any new business.
Five mortgage and loan arrears mediation companies have founded a new trade association.
The RDR, in its current guise, will likely lead to both a drop in adviser numbers and product purchases, according to recently-formed lobby group Adviser Alliance. So it has put together its own, alternative, RDR...
The FSA has written to the chief executives of major insurance brokers and investment firms repeating its concerns over what it calls the ‘unacceptable' handling of clients' money and assets.
Standard Life is set to launch a programme on its wrap to help IFA firms prepare for the RDR.
The FSA remains undecided over how to apply its adviser charging rules to platforms less than three months before a planned Policy Statement and amid growing calls for the total unbundling of costs.
Zurich is launching a campaign to help advisers perform financial fitness tests on customers.
Standard Life has been fined £2.45m by the FSA for serious failures relating to its Pension Sterling fund.
The FSA has fined and banned a Bolton-based mortgage and insurance broker after discovering he had no relevant financial qualifications or experience.
The number of firms authorised to dispense financial advice has fallen for five consecutive quarters, FSA figures show.