Guardian Wealth Management, the international advice firm, will head-hunt 300 IFAs in a major recruitment drive ahead of the RDR, and offer some the chance to escape the rule change by working abroad.
The Luxembourg-registered Guardian Permanent Income fund has attracted "considerable" support from IFAs ahead of its launch on 1 September, according to Guardian Managers.
The Bank of England has warned Britain's big banks could lose up to a fifth of their profits as the commercial property market implodes, The Daily Telegraph reports.
Debt Free Direct became the second debt-management company in a week to announce a dramatic leap in turnover and profits yesterday as unease grows over the size of Britain's credit problems, reports the Guardian.
THE INTERNATIONAL MONETARY FUND has issued a stark warning today that Britain's over-valued housing market is vulnerable to further increases in interest rates, reports the Guardian.
LIFE INSURER Legal & General (L&G) reported better-than-expected first quarter sales, helped by changes to pension rules and demand for mortgage protection products, reports the Daily Telegraph.
THE ASSOCIATION OF BRITISH INSURERS will later today call for the abolition of upfront commission, in a report likely to horrify Britain's 20,000 independent financial advisers, writes the Guardian .
Secretive UK private equity groups are fighting attempts to force them to speak out about their performances under the new Freedom of Information Act, amid confusion over what the new law requires them to reveal, the FT writes.
THE NAPF has warned members of collapsed company pension schemes they can expect serious delays before they get payments from the £400m FAS, writes the Telegraph .