FSA

Aberforth Partners is launching a split-cap investment trust that will offer enhanced income by investing in UK small caps.

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.

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.

The FSA has published rules funds of alternative investment funds must abide by.

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

Semperian, a £1.3bn property fund spun out of Land Securities, has pleaded guilty to an FSA charge of failing to ask for the regulator's approval when it bought an FSA registered business.