News

AIFA policy director Chris Hannant has criticised 'free rider' advisers who back the trade body's efforts and benefit from its work, but don't want to pay for membership.

Boal & Co has been forced to de-register its Isle of Man-based Trinity QROPS from 4 April. The move is due to Isle of Man tax legislation not changing in time for the 6 April 2012 transition to comply with new HMRC regulations.

Friends Life will continue to ‘regionalise' it's international operations and capitalise on RDR achievements to comply with increased regulatory constraints globally, confirms John Van Der Wielen, managing director of the firm's international businesses....

The Co-operative Group's planned purchase of over 600 Lloyds branches has been thrown into further uncertainty after its chief executive conceded it "may not go ahead".

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.