A law firm considering taking action against administrator Grant Thornton on behalf of former Honister Capital advisers has decided not to pursue the case.
Three ex-Honister providers will continue to accept bulk transfers despite MacRobin's assertion that there are legal and practical issues that should prevent them from doing so.
Honister Capital administrator Grant Thornton has sold its advisers' commissions to a corporate advice firm, with some IFAs forced to pay more than 50% of commissions to novate clients to another firm.
Advisers have spoken of their frustration at the handling of the administration of Honister Capital.
Leading product providers have revealed plans to increase their of direct business operations as they expect up to 10% of advisers to leave the industry due to RDR, according to confidential discussions with researchers.
Cofunds has revealed that less than 10% of advised clients on its platform are currently associated with a fee-based remuneration model.
Experts are bracing themselves for a "firesale" of protection products next year ahead of a rule change which could see premiums soar by 10%.
Auditors are too trusting of managers' explanations of financial reporting when looking into company accounts, the Audit Inspection Committee (AIU) says.
Meteor Asset Management has bought the structured product books of both NDF Administration and Defined Returns Limited.