This week's news... condensed

The pick of this week's articles on IFAonline...

Small pots

The government confirmed plans to implement a system where small pension pots follow workers when they change jobs.

Lighthouse

David Hickey, chairman of Lighthouse, fought back against criticisms of the company's decision to de-list from the AIM stock market.

Honister

The FSA asked Honister to detail their pension transfer history, as part of the re-authorisation process, while James Hay apologised for a very unhelpful letter sent to clients of some of the advisers affected.

Mid-market pensions

One of the more interesting developments in recent years has been 'mid-market' pensions, and Aviva announced its plans for a proposition in this area.

Labour

The ABI made a strong statement against the Labour party after the opposition made some controversial assertions about the cost of pensions.

Money Advice Service

The government was criticised for its insistence that the Money Advice Service should be responsible for educating consumers about risk.

Lloyds

At last, Lloyds agreed on the terms to sell 632 bank branches to the Co-operative Group, a deal which will make the latter a big player on the high street.

RDR casualties

One of the big questions about RDR has been the number of advisers who will leave the industry because of it. There was some good news on that front.

FSCS

AIFA urged the government to divert FSA fines to the FSCS, instead of the Exchequer, while some Labour peers called for measures to lower the cost of the compensation scheme.

Arch Cru

The lawyers continue to be the big winners from the Arch Cru saga and it looks like even more litigation is on the horizon.