News

The FSA's director of supervision at its conduct business unit, Clive Adamson, told an investor in the Arch cru funds that complaining to their IFA was the "best course of action" in order to get some form of redress, as the scandal broke in 2009.

Most advisers intend to retain their independent status post RDR, but this appears to clash with the plans of firm principals and network bosses, research suggests.

IFG Group, the firm which owns SIPP provider James Hay Partnership and IFA firm Saunderson House, has announced 2011 profits of £12.2m.

The FSA today said individuals making personal recommendations to retail clients via a simplified advice process must be qualified to the same minimum standard as those providing full advice.

TWIN PEAKS

Historical success convincing consumers that advice is free could push many advisers out of the industry post-RDR, according to a Barclays director.

Adviser and wealth manager Ashcourt Rowan is developing its own in-house platform, due to be rolled out later this year.

Guernsey hosts fund forum and Jersey Trust Company celebrates 25th anniversary.

RSM Tenon has made six new senior appointments in a second significant shake-up since the key resignations of the CEO and chairman earlier this year.

Advisers will develop their own ‘virtual' platforms to avoid losing margins along the distribution chain to life companies and other parties, Prudential UK's Barry O'Dwyer has predicted.