third of advisers to be restricted
Almost one third of advisers will become restricted in the next three years as the term becomes less stigmatised, with significant migration set to start in 2013.
Regulation
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fsa appoints two fscs directors
The FSA has appointed two new non-executive directors to the board of the Financial Services Compensation Scheme, as it consults further on making the scheme affordable for firms.
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ftt approved by european
The European Commission has given the green light to 11 EU member countries, including Germany and France, to go ahead with a planned Financial Transaction Tax (FTT), although the UK has chosen not to take part.
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schroders – we are not subject to investigation
Schroders Investment Management has clarified it was not under investigation from the FSA after it emerged an employee of the firm was arrested on suspicion of insider dealing.
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Fiducia launches post rdr web tool
Essex-based Fiducia Wealth Management has introduced an online post-RDR resource centre, Professional Connections Zone (PCZ), covering regulatory and business development issues.
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nmba reopens alternative assessment
The New Model Business Academy (NMBA) is reopening its work-based alternative assessment route to advisers who were unable to qualify at Level 4 in time for the RDR.
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long-awaited final fatca regulations released
The US Treasury and Internal Revenue Service last night issued the final regulations detailing how the Foreign Account Tax Compliance Act is to be implemented, ending weeks of speculation.
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fair review panel decides against commission
A complete ban on advisers receiving commissions in exchange for recommending investment products, as happened under the UK's RDR, was not included among the recommendations published today by Singapore’s Financial Advisory Industry Review Panel.
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fsa launches JPM investigation
The FSA has launched a formal investigation into the trading losses suffered at JP Morgan Chase at the hands of its City team, including one dubbed the ‘London whale’.
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fsa takes action against colin jackson
The Financial Services Authority (FSA) has taken action against Baronworth Investment Services chief executive Colin Jackson and his firm over its financial promotions.
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fsa plans thematic reviews into rdr
The Financial Services Authority (FSA) intends to carry out four thematic reviews this year to ensure the implementation of RDR went as planned.
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sjp bucks industry-wide decline in aps
As widely expected FSA approved persons in IFA firms and networks saw a sharp decline in the final month before RDR was implemented, down 4.8% in December 2012 from a month earlier.
