A City law firm says a judicial review into the legality of forcing existing advisers to sit further qualifications would stand little chance of success after the idea was mooted by lobby group Adviser Alliance.
AIFA has launched a guide to help member firms make a "more informed" decision on outsourcing the investment function.
The FSA could require firms to inform the regulator if competence and ethics issues arise with their advisers.
Axa today declared itself happy with its investment in Bluefin Advisory Services after the intermediary revealed it made a £62m write-down last year following a restructure of its private client division.
A promise is a promise is a promise. The FSA pledged a year ago to consult on how to apply a consistent method for calculating firms' expenditure-based requirement (EBR) and, so far… nothing.
What the future holds for offshore products once the RDR is in place