Wealth managers

George Osborne and Vince Cable are set to go head to head over the Vickers' report into banking reform, as they debate the timetable for ringfencing retail banking operations.

Fidelity's Gary Shaughnessy has criticised the FSA for delaying its decision on a proposed cash rebate ban in today's 'underwhelming' platform paper.

The platform policy paper will be published on Monday, the FSA said today.

The Treasury Select Committee (TSC) has called for a 12 month delay to the RDR to enable more advisers to reach Level 4, among a series of other concessions, but the FSA has flatly refused any negotiation on a change to its plans.

The industry is split on the merits of the Treasury Select Committee's (TSC) key recommendation to delay the RDR for 12 months until 1 January 2014.

UK banks were not among the eight institutions to fail the European stress tests on the sector.

Former chairman of the Investment Management Association (IMA) and previous chief executive of F&C Asset Management Robert Jenkins has been appointed as an external member of the interim Financial Policy Committee (FPC).

Maybe RDR does not really matter at all. Perhaps everyone in the financial services sector and the accompanying industry of media commentators has got completely the wrong end of the stick.

Tony Stenning, head of UK retail at BlackRock, looks at the surge of new legislation set to hit UK investors.

Baillie Gifford's James Budden says the RDR is a levelling tool the investment trust sector should welcome.