The Financial Ombudsman Service (FOS) has seen a 179% increase in complaints about financial products and services in the first quarter of the 2013/14 financial year.

The Financial Conduct Authority said it is concerned about the fairness of automatic renewals of fixed-term bonds, after it has found failings in more than half of firms reviewed.

The Financial Conduct Authority (FCA) has cancelled the permissions of independent financial adviser Martin Richard Moseling, trading as Blenheim Financial Services, for failing to act in clients' interests.

The Prudential Regulation Authority (PRA) has accepted building society Nationwide's proposition to raise capital and mitigate business risks, granting it a two year extension.

The UK's interests in financial services in the European single market are being heard an "awful lot more" by Europe than people think, according to an investment trade body.

Insurance provider Zurich has appointed a new director in its corporate investments strategy and governance department.

MOVERS & SHAKERS

Hundreds of financial advisers who left client-facing duties at the end of last year due to new regulatory rules now appear to be returning to the industry, according to the Personal Finance Society (PFS).

The Financial Services Compensation Scheme (FSCS) has declared a further 14 advisory businesses in default.

The head of the Financial Conduct Authority (FCA) has revealed details of its thematic review into the £902bn unit-linked funds sector -and said the regulator is also looking into the annuity market.