News

Towry Law's Andrew Fisher has praised the FSA for ignoring calls from IFAs to delay today's RDR proposals, branding the paper "a job well done".

The FSA says it fears some firms may focus more on sales of pure protection policies to maintain a commission income post 2012.

The FSA's proposed labeling for advice could result in a "serious risk of customer confusion" according to the Association of British Insurers (ABI).

Aegon is launching a UK Equity Income fund on 30 June for managers Iain Wells and Douglas Scott.

German pensioners who lost $4m in savings in a Florida property investment scheme reportedly kidnapped and tortured the financial adviser responsible.

The Association of IFAs (AIFA) says proposals tied and multi-tied advisers will have to call themselves ‘restricted' are "lovely".

IFAs may have to consider a wider range of products than they currently recommend to ensure they meet the FSA's new ‘independence' standards.

Structured products are often riskier and more expensive than they appear, and are usually accompanied by inconsistent, confusing and complex literature, consumer champion Which? warns.

The Financial Services Authority has asked the industry for suggestions on whether it should apply adviser charging principles to group personal pensions (GPPs).

The FSA today warned firms to be prepared for extra "short-term costs" arising from an anticipated exodus of advisers in the independent sector.