There were two big regulatory stories this week - the first saw a much heralded tightening of the rules on charging interest on cash on platforms.
This included underlining the ban on double dipping - charging a fee and taking some interest - by placing it into the sourcebook. There are also lots of other new disclosure requirements.
Citywire, which had also trailed the story earlier in the week, reports here.
The other big 'move' was the publication of a market review into insurers' legacy books with a warning that they might not be providing value for money.
On Octo Members, I argue that this is a much more far reaching intervention that might come across at first. Essentially the FCA has gone through just about every barrier cited and objection raised and shot it down.
Quite pleased with this headline - "FCA takes iron fist in a velvet glove approach to insurers' legacy contracts - it won't spook the markets, but should mean change".
The Hailfax brand will soon be no more as accounts, branches and the intermediary brand will all rebrand to Lloyds. The Guardian reports.
Mortgage Soup reported on the intermediary move and indeed, it seems, stole a march on the main story.
Quilter shares hit an all-time high on the back of a positive analyst's note as Citywire New Model Adviser reports.
Wesleyan has launched two with profits funds for advisers. Professional Adviser reports.
Legal & General sets out how it is using targeted support in retirement, as Corporate Adviser reports.
