Regulation

There was a 61% jump in the number of financial promotions withdrawn or amended by the FCA in the last year, from 204 in 2012/13 up to 328 in 2013/14, according to Bovill, the specialist financial services regulatory consultancy.

Chief executive of the Institute of Financial Planning (IFP) Steve Gazzard has hit out at the advice sector, saying it "hasn't worked", and that financial planning is much more important than advice.

Simplified advice should not be restricted to those who have cleared their debts and had other ‘priority needs' met if the Financial Conduct Authority (FCA) is serious about closing the advice gap, according to a law firm.

The industry has criticised the Money Advice Service (MAS) chief executive's recent comments, saying she is worried about the ethics of financial advisers, as "unfair" and "threatening to undermine the hard work the sector is doing to overcome mistrust"....

Receiving a letter from the ombudsman saying a customer has made a complaint does not mean a case has been opened, the Financial Ombudsman Service (FOS) has advised.

An independent Scotland would result in its economy struggling for at least ten years, according to a poll of leading fund managers.

The Association of Professional Financial Advisers (APFA) will today meet with the Financial Conduct Authority (FCA) as it continues to push the regulator over an adviser long-stop.

Around three-quarters of advisers have received false or manufactured accusations from Financial Ombudsman Service (FOS) complainants, an increase in 10% over three years.

Royal Bank of Scotland (RBS) will move its operations to London should Scotland vote to go independent, it has confirmed.

The Financial Services Consumer Panel (FSCP) has called for the Money Advice Service (MAS) to widen its remit from generic advice to helping people "understand products" and "choosing a pension or a mortgage".