The Financial Services Authority has admitted ‘flaws’ in its own supervisory approach played a part in the failure of Royal Bank of Scotland and provided insufficient challenge to the firm.

Poor management decisions by the Royal Bank of Scotland were cited as the reason for the bank’s collapse.

Compliance and business support provider SimplyBiz will be holding a series of gap-filling seminars in 2012.

The new Financial Planner Online Twitter feed @FPM_Online has reached triple figures and now has 100 followers.

Tenet is seeing growth in the number of adviser firms opting for an appointed representative model instead of being directly authorised ahead of the RDR.

Two thirds of advisers are unconvinced that customers will be better off as a result of the RDR, according to Zurich.

The Bank of England held interest rates at 0.5 per cent today and kept the quantitative easing programme at £275bn.

Transact, the UK’s largest wrap platform, has been fined £3.5m by the Financial Services Authority for client money breaches.

Outsourcing is likely to become a key consideration for financial advisers post-RDR, according to Defaqto.

GDP is suggested to be 0.3 per cent for the three months ending in November, according to economic think-tank the National Institute of Economic and Social Research.