The Financial Services Compensation Scheme (FSCS) is facing claims worth around £2.55m for 12 investment and life & pensions firms newly declared in default - which would need to be paid for by investment adviser levypayers.

Insurer Zurich welcomed the regulator's pledge to re-open the long-stop debate but suggested it should be looking at more options than just a 15-year liability period.

Financial Services Compensation Scheme (FSCS) chief executive Mark Neale has warned UK levy payers could suffer if Europe does not come up with clear rules around consumer protection in the insurance space.

A group of investors in troubled overseas property sales agent Harlequin has claimed a first victory in its battle to receive compensation from advisers who 'facilitated' their investments.

Almost two-thirds of advice firm owners would sell up early for the right price, a poll has found.

Who is ultimately responsible for the business written by advisers affiliated with nationals or networks?

Lawyers representing Arch Financial Products (AFP) directors Robin Farrell and Robert Addison today suggested regulatory rules in place at the time their clients are accused of acting "recklessly" in managing the CF Arch cru fund range were unclear.

Judge Timothy Herrington, who is overseeing the Tribunal hearing of Arch Financial Products (AFP) directors Robin Farrell and Robert Addison, said on Tuesday he had "to be careful not to apply hindsight" when assessing the firm's investment decisions...

Peter Shelton, research and compliance director at national IFA LEBC Group, is to retire after more than 40 years in financial services.

The Financial Conduct Authority (FCA) on Tuesday accused Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison of giving inconsistent and vague evidence in their appeal against a regulatory ban and fine...