A spate of professional negligence claims have been lodged against the promoters of tax avoidance schemes - including advisers - following a clampdown by HM Revenue & Customs (HMRC), according to Reynolds Porter Chamberlain (RPC), the City law firm.
Financial service start-ups are facing record wait times for Financial Services Authority (FSA) approval, with the average wait now reaching 22.9 weeks, 9% higher than the previous peak of 21 weeks in Q2 2010.
The Financial Services Authority has hit the "nuclear option" with its plans to ban the sales of unregulated collective investment schemes (UCIS) to most retail customers, according to a regulatory law expert.
The FSA's ‘treating customers fairly' initiative has invited scorn from advisers who said it muddied waters that were previously clear. But not everyone thinks it was worthless…
The Financial Ombudsman Service (FOS) will drift closer to becoming a regulator under a proposed memorandum of understanding (MoU) with the Financial Conduct Authority (FCA), according to a legal expert.
The FSA wants advisers to provide 100% compensation to clients who have suffered losses, even if it was not the firm's fault, according to a City law firm.
IFAs are increasingly taking out business disruption insurance against regulatory investigations, according to a City law firm.
A random file check followed by a brief interview? Think again...
The get-tough attitude of the FSA in response to the credit crunch has produced a second successive year of record breaking fines.
Recent moves on bribery and corruption are signs of a new approach to the issue by the FSA and SFO that will affect brokerages. Richard Burger explains