Miss anything? This week’s key stories

Author: Rahul Odedra
IFAonline | 10 Jun 2011 | 13:20

Categories: Better Business

Topics: Keydata| FSA

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Plenty of news to digest once again after another busy week in the world of financial advice...

Monday

They may have previously given the impression the retail distribution review rules were set, but there was still time for the Financial Services Authority (FSA) to tweak the adviser charging directives.

Under a new amendment for distributor-influenced funds, firms must ensure retail clients can cancel an ongoing service provided by their adviser without also having to withdraw their investment.

Tuesday

If that was a blow to the relationship between the regulator and advisers, then more news the next day might have sunk it to a new low. We found out FSA bosses shared £2.6m in salaries, bonuses and benefits in the last financial year.

Chief executive Hector Sants' eye-watering earnings were at the top of the pile.

Wednesday

Do you ever raise your eyebrows when you see promotions for 'SIPP-ready' property club investments? threesixty's David Ingram certainly did and he decided to investigate one of them.

His experience with Orbit Alliance and their offers in Egypt is well worth a read.

Thursday

Retirement issues are never far off the top of the agenda, and this week the focus has been on the raising of the state retirement age for women.

Labour and Liberal Democrat MPs have been putting plenty of pressure on the government and David Cameron was forced to defend his plans.

Friday

We couldn't possible go another week without some Keydata-related news, and today the Investment Management Association (IMA) called for an independent review into its collapse.

Combined with the demise of Pacific Continental and Square Mile Securities, it said the scale of recent failures has not been seen since the Barlow Clowes scandal of the 1980s.

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