Regulation

The chief executive of beleaguered Co-operative Group has offered his resignation after details of his £3.7m pay packet emerged.

The outlook for the financial services sector is seen to be improving as a consequence of the Retail Distribution Review (RDR), but most advisers report protection sales continue to lag following its introduction.

A new regulator to oversee UK payment systems will be introduced by April 2015.

All the major retail banks and most medium-sized and smaller firms have made "significant" changes to their sales incentive schemes, but concerns over enticements linked to bank investment and protection sales remain, the Financial Conduct Authority (FCA)...

Chris Smallwood, the chief executive of Openwork-owned national IFA 2plan, has called on the regulator to crack down on what he said were 'misleading' terms used by some restricted advice firms to describe their services.

Financial advisers operating in Europe are less strictly regulated than their UK counterparts yet consumers are still afforded the same degree of protection, according to Zurich Life government affairs principal Matt Connell.

The Ministry of Justice increased pressure on the claims management sector last year resulting in the removal of more than 200 licences from firms flouting the rules.

The UK's economic recovery is "not yet secure", Chancellor George Osborne has warned, ahead of next month's Budget.

The executive board of the Financial Conduct Authority (FCA) is concerned about the rate at which its staff leave the organisation, and is also considering an independent review into its decision making processes, minutes of its latest meeting have revealed....

FOS accused of mis-guided PPI predictions by trade body