Investment managers should only use client dealing commission to pay for substantive research or costs related to executing trades, the Financial Conduct Authority said today.
Read more...

The average annual management charge for trust-based schemes has risen in the last two years, research into defined contribution pensions has shown. Read more...

Six in 10 clients are failing to understand the Retail Distribution Review a year after it was implemented, a survey of advisers indicates. Read more...

The Financial Services Authority has written to the chief executives of 24 product provider and advisory firms, outlining concerns that firms may be looking to 'work around' the adviser charging rules by soliciting or providing payments or benefits. Read more...