Regulation

Proposed changes to the Financial Services Compensation Scheme (FSCS), opening up eligibility to more parties, are likely to lead to increased compensation costs and higher levies.

The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.

From December, life insurance policies will become the same for men and women. 
Rachel Dalton finds out what IFAs need to do to prepare for the change.

The Association of Independent Financial Advisers (AIFA) is still hopeful of more amendments to the Financial Services Bill, including the reintroduction of a long-stop, after the legislation progressed through its latest stage.

The Consumer Insurance (Disclosure and Representations) Act 2012 has received its royal assent and will come into force next year.

Life insurance policies and annuity contracts will come under increased scrutiny from HM Revenue & Customs (HMRC) as it cracks down on income tax avoidance.

The European Parliament's two biggest parties have tentatively agreed to include measures related to Solvency II legislation that could save the industry billions and avoid a long delay to the rules' implementation, according to reports.

Hector Sants has announced he is to quit as the head of the FSA in the summer.

More than one third of people going through Incapacity Benefit reassessment have been found to be fit for work, according to the first set of official statistics released today.

A deputy governor of the Bank of England has launched an outspoken attack on new European regulations that he warns could create further financial crises.