Regulation

The FSA has fined Credit Suisse £2.5m - reduced to £1.75m due to early settlement - for failing to submit accurate transaction reports.

Fidelity UK managing director Gary Shaughnessy has urged the industry to focus on the implementation phase of the RDR to ensure costs are kept down and advisers emerge better equipped to deal with the UK's savings gap.

The adoption of Ucits III by absolute return managers has coincided with a period when confidence in offshore investment funds has never been lower, writes Merchant Capital's George Cadbury.

Schroders is eyeing the addition of enhanced index-based products to its retail range in preparation for an expected increase in passive fund use post-RDR.

Welcome to Investment Week's quick-fire guide to yesterday's RDR developments.

Cofunds chief executive Brett Williams believes proposed changes to platform remuneration is likely to lead to increased costs and heightened adviser confusion.

The FSA is set to bring in new capital adequacy requirements for platforms, it said today in its platform discussion paper, warning the cost of ongoing business for some players will increase.

The FSA believes there is there is no consumer detriment in allowing advisers who operate under COBS rules to maintain their current commission based charging.

The FSA has indicated it is leaning towards abolishing all payments to platforms from product providers.

The FSA has made a major upward revision of the RDR's costs in its policy statement today.