The Financial Services Compensation Scheme (FSCS) could face paying out tens of millions of pounds linked to claims of bad advice to invest in film and property schemes, as an advice firm teeters on the brink of default.

Adviser network Intrinsic and its parent company Old Mutual Wealth (OMW) are to launch a national advice business aimed at the "underserved segments" of the market.

The Financial Conduct Authority (FCA) is to consult on introducing a deadline for bringing complaints about payment protection insurance (PPI) after its research showed a 'significant number' of claims brought did not include a PPI sale.

Hargreaves Lansdown moves to restricted advice model

Robo-advice should be embraced by advisers as a complementary tool to help them - and not a threat - according to chief executive of the Personal Finance Society Keith Richards.

The Financial Ombudsman Service needs to be reformed if robo-advice is to stand a chance of flourishing in the UK, a technology expert has told the regulator.

Lessons on robo-advice

The government is keen to explore opportunities in the fintech sector such as automated advice, as it recognises technological development will be good for both consumers and firms, economic secretary Harriett Baldwin told the Financial Conduct Authority...

The Financial Conduct Authority (FCA) is likely to delay its consultation on incoming MiFID II conduct rules for advisers, as it wants to determine the impact of its own advice review first, its markets policy manager has said.

Labour will reject austerity as a means to get the economy back on track and will instead focus on taxing the rich, shadow Chancellor John McDonnell has said in his Labour Party Conference speech on Monday.