With just nine months to go before RDR, AXA Wealth has seen the first 50 adviser firms through its business transition programme, helping advisers prepare their businesses for the changes that the RDR will demand.

IFG Group, the owners of James Hay Partnership, an IFP sponsor, says it is investing in IT and service enhancements for the James Hay wrap platform as well as reducing charges for new and existing clients.

Prudential has announced details of how it plans to facilitate adviser charging, with the unveiling of its RDR-Day product suite. Under the plans, advisers will be able to receive any adviser charges they have agreed with their clients via Prudential instead of directly from the client, reducing their administration burden.

The Financial Services Authority has fined Christchurch Investment Management Limited (Christchurch), a small firm specialising in financial planning and portfolio management, £26,600 and its compliance officer David Thornberry £11,550 for failings in relation to the protection of client money.

The Financial Services Authority has launched a three-month consultation today to establish a consumer redress scheme for those affected by the failure of CF Arch Cru.

Rayner Spencer Mills, a financial research company, has launched an adviser guide on sustainable and responsible investing (SRI).

There is less than a week to go for advisers to send in applications for the Institute of Financial Planning’s David Norton ‘Building Excellence’ award.

Aberdeen Asset Management, a sponsor of the Institute of Financial Planning, has seen pre-tax profits increase by 14 per cent according to its interim results.

The investment intermediary sector is in line for more payments to the Financial Services Compensation Scheme after it increased its annual levy to £265m.

The Financial Services Authority has published new guidance today which may mean advisers will be less able to recommend a pension transfer.