News

The FSA today clarified firms will still be able to call themselves independent even if they specialise only in a "narrow and distinct" field.

Product providers will face additional regulatory requirements if they offer convenient advice payment facilities to consumers, the FSA suggests today.

Incorporating life cover with Personal Accounts would cut an estimated £2.3trn protection gap by 20% in one fell swoop, Friends Provident CEO Trevor Matthews says.

Experienced investment advisers in practice at 30 June 2009 will be allowed to take oral versions of the written exams needed to get them up to post-RDR standards, but this option will be withdrawn at the end of 2012.

1st-The Exchange is now offering users of Adviser Office access to online fund data platform FundsLibrary, a subsidiary of Hargreaves Lansdown.

IFA support provider threesixty is to run free workshops for IFAs to highlight key issues arising from the RDR consultation paper out today.

Almost half of the world's 8.6 million wealthiest investors have lost confidence in their fund manager, according to a report that lays bare how the credit crunch has damaged their personal fortunes, reports The Times.

Miners were pulling the FTSE 100 down in early trading, despite having done well throughout the week on rising metals prices.

Aegon is launching a guaranteed income investment product it says reflects the growth of the third-way annuities market in the UK.

Although a number of IFAs, including its trade association AIFA, spoke glowingly of the key proposals in yesterday's RDR Consultation Paper, not everyone agreed.