The Financial Conduct Authority (FCA) is not prescriptive about how firms deliver their services because it knows advice can be given in an "infinite variety of ways" - but it has communicated four steps firms should follow to satisfy its requirements....

The Financial Conduct Authority (FCA) is concerned about the due diligence advisers perform on investment product providers and will continue to monitor the area, technical specialist for the regulator Rory Percival has said.

The Financial Services Compensation Scheme (FSCS) has paid out more than £880,000 to clients who lost money following the collapse of overseas property schemes advised on by former IFA Bentley-Leek.

The advice industry is paralysed by a fear of doing wrong, which has led to a "commoditisation of investment solutions", Ashcourt Rowan chief executive Jonathan Polin has said.

The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

Financial services firms must listen to the feedback their customers give in order to stop the "cycle of scandal" that has beset the industry, the Financial Ombudsman Service's (FOS) chief ombudsman has said.

The Financial Services Compensation Scheme (FSCS) has declared a further 18 advisory firms in default.

The Financial Conduct Authority (FCA) has fined two directors of a Surrey-based IFA £885,000 and banned them from holding any position at a financial firm for misleading investors to invest in overseas property schemes that they were also in charge of....

A frozen income tax threshold coupled with mass auto-enrolment will result in the annual pension allowance being cut further, meaning people should increase contributions while they can, according to Prudential.

The Financial Conduct Authority (FCA) has said it is reassured by the progress banks have made in moving away from incentives-based sales models but it is still concerned about how investment and protection products are sold to consumers.