Regulation

The Financial Conduct Authority has stated that "there is no consistency" in the way insurance companies use private investigators (PI).

The Financial Conduct Authority (FCA) has fined Clydesdale Bank (Clydesdale) £8.9m for failing to inform its customers clearly of their rights after the bank miscalculated the repayments on over 42,500 mortgages.

Partnership Assurance is thought to be one of the two companies the Financial Conduct Authority (FCA) is considering taking action against for inducement breaches, according to reports.

Over half of advisers (53%) have found the transition to the Retail Distribution Review (RDR) either smooth or very smooth, according to new research from Zurich.

The Liberal Democrats have vowed to close tax loopholes in limited partnership firms and for private equity investors, as part of the party's action to "tackle the remaining deficit fairly".

The FCA has found evidence of life insurers having inducements in place that could influence advisers, ‘undermining the objectives of RDR', and is to consult on new guidance.

An adviser has hit out about the lack of understanding surrounding the value of advice post-Retail Distribution Review (RDR), claiming that the regulator should have done more to inform people.

Financial education has been confirmed as an official part of the English national curriculum, including lessons on the public finances.

The Retail Distribution Review (RDR) has exacerbated a polarisation of the advisory market, with an almost even split of firms forecasting growth and those predicting static or declining revenues over the next three years, research has suggested.

The National Audit Office (NAO) has concluded the Department for Work and Pensions (DWP) has not achieved value for money in implementing Universal Credit and has suffered a series of setbacks as a result.