A man has been arrested for plotting to detonate a bomb in front of the Federal Reserve in New York, following a sting operation conducted by US authorities.

The number of financial advisers operating in the United States has fallen dramatically in the last few years and is likely to decline further as direct-to-consumer (D2C) propositions attract investors, a study suggests.

The Financial Services Authority (FSA) was aware of the mis-selling of payment protection insurance (PPI) as long ago as 2005 but was hampered from reacting adequately due to flaws in its regulatory approach, Martin Wheatley has admitted.

UCIS ADVICE

Life company Axa has accused financial planner and former Institute of Financial Planning (IFP) president Marlene Shalton of client solicitation.

The Financial Conduct Authority (FCA) will likely "go further" than the Financial Services Authority (FSA) in challenging providers on their products' target markets and charges.

An incoming regulatory body responsible for insurance companies will allow firms to collapse under a new approach.

The head of the incoming Financial Conduct Authority (FCA) is set to outline how the new regulator will seek to restrict potentially harmful products from coming to market.

The incoming Prudential Regulation Authority (PRA) may impose restrictions on what staff at banks and investment firms can earn if the levels of remuneration pose a threat to the business's health.

GEARED RETURNS