The FSA's decision to restrict the sale of traded life policy investments (TPLIs) looks likely to spread to other alternative investments, according to a law firm and life settlement trade body.

Two investor groups set up to help recover assets from life settlements provider ARM Asset Backed Securities have clashed over allegations of "misinformation."

PII

EEA Fund Management has welcomed yesterday's "helpful" guidance from the FSA, on its intention to ban the sale of traded life policy investments (TPLIs) to retail clients.

The Financial Services Authority (FSA) has hinted it may impose stricter regulatory requirements on firms recommending traded life policy investments (TLPIs) after issuing final guidance stating they should not be promoted to most retail investors.

RECESSION

An adviser has won £20,000 after topping the J.P. Morgan Telegraph Fantasy Fund Manager competition.

Up to a quarter of advisory firms are unsure whether they will be RDR-compliant by 2013, according to research from the Association of Independent Financial Advisers (AIFA).

Aviva has promised to investigate delays to its annuity transfer system after complaints from an adviser.

Two men and a woman have been jailed for a fraud where more than £4m was taken from private investors through a boiler room based in Spain and Ireland.