Regulation

A retired IFA currently battling an Ombudsman payment protection insurance claim dating from the 1980s says the lack of a complaints long-stop for advisers is "crazily unfair" and is pushing his MP to intervene.

Paul Evans, the group CEO of Axa UK, has been nominated to replace outgoing Association of British Insurers (ABI) chairman Tidjane Thiam.

The outgoing Bank of England (BoE) deputy governor Sir Charlie Bean has said it is "reasonable" to expect interest rates to return to 5% within a decade.

Advisory firms have successfully adapted to the Retail Distribution Review (RDR) but the cost of regulation remains a massive barrier to development, the Association of Professional Financial Advisers (APFA) has said.

Global life premiums grew by 0.7% in 2013 to $2.608bn, down from 2.3% growth in 2012; research has found.

The Financial Ombudsman (FOS) has published case studies of typical private medical insurance (PMI) and protection claims to illustrate the type of claims it has received.

The Financial Conduct Authority (FCA) has introduced a new approach to tackling serious failings in financial services firms by cracking down on senior level management first.

The industry's petition calling on the government to remove the ombudsman's right to consider claims without any long-stop restriction, has passed 5,000 signatures but needs double that to be considered by officials.

Business secretary Vince Cable has called the financial sector "a public good", though admitted it often falls short of this lofty aim.

A husband and wife have been sentenced after he faked his death in a bid to collect more than £1.1 million from life insurance policies and investments.