The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.

The regulator's clamp-down on financial crime will have an effect on advisory firms who are often seen as the gate-keepers to financial services, a consultancy has said.

REGULATION

The Financial Ombudsman Service (FOS) has rejected only one claim at decision stage against advice to invest in Arch Cru, since it has started publishing complaints decisions in April.

The Financial Conduct Authority (FCA) is to investigate the self-invested personal pension (SIPP) industry in its third thematic review of the market.

The government has extended a payment scheme for Equitable Life policy holders to mid-2015 and is due to launch an advertising campaign to encourage more policyholders to come forward.

The newly appointed chief executive of Prudential UK and Europe, Jacqueline Hunt, who was poached from rival Standard Life (SL) earlier in the year, has been awarded shares worth more than £4.3m in compensation for missed bonuses from her former employer....

The number of Personal Finance Society (PFS) members who have qualified for associate, fellowship or chartered status has more than doubled over the last year, reaching 1,570 graduates in the 18 months to June this year.

The Financial Conduct Authority (FCA) has welcomed the parliamentary commission on banking standards' (PCBS) recommendations for reforming the banking sector.

The Institute of Financial Planning (IFP) is to push ahead to become more influential in the marketplace following a year of building foundations, its acting CEO Steve Gazzard has said.