Half of all senior compliance professionals at financial services firms are expecting their compliance costs to rise by 20 per cent under the new 'twin peaks' regime, according to Protiviti.
Research from Legal & General Investments, one of the UK's largest investment providers, has shown that advisers are viewing passive investments far more favourably compared to 2011.
Standard Life has announced further details of its global restructuring following its announcement in June this year on the appointments of Nathan Parnaby as CEO, Asia and Emerging Markets; Paul Matthews as CEO UK and Europe; and Sandy Begbie as Group Operations Officer.
Financial advisers says that disclosure of charges and services is the area of the RDR that they are finding most challenging complying with, according to a poll of Standard Life's 80 adviser account managers.
Confused.com has revealed that love could be one of the biggest losers of the recession as bailing out one's partner or spouse is the most resented expenditure among the nation's adults.
IFP sponsor Standard Life, the long-term savings and investment provider, has added eight Vanguard funds to its international Bond. Fund manager Vanguard is also an IFP sponsor.
Prudential says that one in six high earners can expect to see their child benefit payments reduced under new rules and an estimated 36,000 taxpayers could increase their pension savings to avoid the new tax.
The Office for National Statistics says that UK gross domestic product in volume terms decreased by 0.5 per cent in the second quarter of 2012, revised from the previously estimated 0.7 per cent decline.
Provisional statistics released by HMRC have revealed that £53,860m was subscribed to ISAs in the 2011/12 tax year – a slight increase on the previous year's total of £53,772m – and the highest annual total since the introduction of ISAs in 1999.
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