You would think a Member of Parliament, faithfully supported by more than 19,000 constituents in Coventry South, would know his stuff about VAT.

The Association of Independent Financial Advisers (AIFA) has called on MPs to ensure the new regulator emphasises the innocence of firms if they are exonerated after the publication of warning notices.

The pick of this week's articles on IFAonline...

MPs looking into the Arch Cru collapse have called for a "global meeting" of the parties involved after accepting there is now "no guarantee" of investors getting more than 70% of their assets back.

A group of MPs have backed calls by the Financial Services Consumer Panel (FSCP) for firms to sign up to a 'fiduciary duty' under the new regulatory system.

WHO OWNS THE CLIENT?

The government has once again rejected a call to arrange an independent inquiry into the collapse of the Arch Cru funds.

Keydata founder Steward Ford is seeking to ban FSA staff who saw protected attorney-client e-mails from being involved in an investigation into the company.

A shadow minister has hit out at the changes already being made to the Financial Services Authority (FSA) and the regulatory landscape before Parliament has a chance to legislate on them.

The Personal Finance Society (PFS) is seeking clarity from the Financial Services Authority (FSA) on whether advisers will need extra qualifications on long term care (LTC) insurance to remain independent post-RDR.