Asset manager Syndicate is to focus "exclusively" on wealth management and has sought shareholder approval to operate under the lead brand of its financial planning offshoot Ashcourt Rowan.
Co-operative Financial Services (CFS) says it is in 'advanced discussions' with a buyer for its IFA business.
A hung parliament will have a detrimental impact on the progress of the RDR and stall the UK's economic recovery, say advisers.