Two Labour peers have introduced an amendment to the Financial Services Bill seeking to minimise Financial services Compensation Scheme (FSCS) costs borne by levy-payers.

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A Conservative MP has criticised the Association of Independent Financial Advisers (AIFA) for failing to fight for its members against a proposed £110m redress scheme for Arch Cru investors.

The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch Cru investors.

Warren Buffett has spoken out about the rapidly deteriorating state of the European economy, warning that there is no obvious answer to the region's problems.

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

The Legal Ombudsman has warned the sector is at risk of dragging down its reputation to the level of the financial services industry through the mis-selling of confusing legal products and services.

The government is considering the ability of financial advisers to advise on social investments as part of an effort to boost activity in the area.

The Financial Services Authority (FSA) has blocked acquisition activity by a financial adviser, questioning her reputation and citing her lack of honesty and integrity.