Treasury committee chairman Andrew Tyrie has called on the regulator to scrap the "fundamentally flawed" approved persons regime for advisers and instead align the sector with the new standards being brought in for the banking industry.

The Association of Professional Financial Advisers (APFA) has called on the regulator to adjust next year's fees for advisers to "correct the error that occurred" in the previous year.

The Financial Conduct Authority (FCA) has issued a prohibition order against a financial adviser currently serving prison time for six counts of fraud.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have launched enforcement investigations into failures at the Co-operative Bank which led to it receiving a rescue package of £1.5bn from its parent company.

The Financial Conduct Authority (FCA) has hired ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.

A fraud case brought by the Financial Conduct Authority (FCA) was dealt a lifeline by the Legal Aid Agency (LAA) after it 'declassified' the high cost case to attract barristers who initially refused to represent the defendants on recently reduced fees....

Mutuals and building societies have doubled their net mortgage lending over the last year, figures from the Building Societies Association (BSA) show.

Retail savings and investment industry body TISA has endorsed the government's plans to allow holders of child trust funds (CTF) to transfer their funds to ISAs upon maturity, outside of the normal annual subscription limits.

Investment group Hartmann Capital is set to wind up after the Financial Conduct Authority (FCA) prohibited it from carrying out regulated business after discovering a client money shortfall of £1.5m.

Octopus Investments has predicted a steep rise in allocations to venture capitalist trusts (VCT) in the coming year, having already seen a ten-fold increase in money attracted by its funds in the last year.