News

The Financial Services Authority (FSA) has expressed concerns that vertically integrated firms may try to skirt around its adviser charging rules set to be introduced following the Retail Distribution Review (RDR).

The government has promised it will only implement changes to tax legislation retrospectively in "wholly exceptional circumstances", after concerns were raised that it could damage the UK's reputation.

The Association of Independent Financial Advisers (AIFA) has admitted any proposal in Parliament to reintroduce a 15-year complaints long-stop for financial advisers is unlikely to make it on to the statute books.

Scottish Widows will not facilitate adviser charging on its Retail Distribution Review (RDR)-compliant onshore investment bond because of the potential tax detriment.

The Confederation of British Industry and British Chambers of Commerce have each cut their 2012 UK GDP forecasts and called for the government to do more to prompt growth.

SIPP provider James Hay recorded a 10% dip in profits in the first half of 2012, during which it continued to leak business.

House prices rose by 1.3% in August, the largest monthly increase since January 2010, according to data released by Nationwide.

Mattioli Woods' is to operate on a restricted basis after the Retail Distribution Review (RDR) but is still weighing whether to maintain independence on certain products.

The majority of advisers are unclear how the Retail Distribution Review (RDR) will affect their business, according to a survey conducted by BlackRock.

The Retail Distribution Review (RDR) has the potential to be the ‘next financial scandal', despite the Financial Services Authority's (FSA) latest attempts to educate consumers about the reforms, campaigner Gina Miller has warned.