The Financial Conduct Authority (FCA) is to carry out a study into the UK cash savings market as part of a programme of work seeking to assess the effectiveness of competition in financial markets.

The Financial Services Compensation Scheme (FSCS) has confirmed that it will calculate compensation fees on a three-year basis in the future, following a consultation process that received some "detailed" but "positive" feedback.

The Association of Professional Financial Advisers (APFA) has endorsed the regulator's show of interest in the issues firms are facing with Retail Mediation Activities Return (RMAR) reporting but warned that more work needed to be done.

An adviser has complained to the Financial Conduct Authority (FCA) following an hour-long phone conversation about Retail Mediation Activities Return (RMAR) reporting that led to an agreement over accounting rules that was not "entirely logical".

BEHAVIOURAL FINANCE

The Financial Conduct Authority (FCA) has cancelled an an advisory firm's permissions after it failed to submit its Retail Mediation Activities Return (RMAR) on time and did not hold adequate professional indemnity insurance (PII).

Europe's insurers spent as much as €9bn keeping pace with a barrage of regulatory changes imposed on the industry in the years following the financial crisis, according to a report by Deloitte.

The Financial Conduct Authority (FCA) will use the data it collects in the retail investment space, including from advisers, to see whether its new information-gathering strategy is working.

Standard Life Investments (SLI) and Legal & General Investment Management (LGIM) are looking to sue Royal Bank of Scotland (RBS) over a controversial £12bn cash-call in 2008.

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.