The Treasury Select Committee (TSC) has told trade bodies to be more vocal with their concerns about regulators and urged the industry to be the drivers of better regulation.

Victims of the Bayshore Nominees boiler room scam are to receive just 7p back for every £1 invested, according to the Financial Services Authority.

Pave Financial Management is to have its permissions cancelled by the FSA following the mis-selling of unregulated collective investment schemes (UCIS), with two of its directors also being punished.

The Financial Ombudsman Service (FOS) is been urged to consider charging a case fee before the complaint has been resolved and closed, as part of a drive for better efficiency.

A former financial adviser has been jailed for conning a grandmother out of £150,000 after he was dismissed from his role as a senior financial adviser.

The Financial Services Authority has charged a 42-year-old with eight counts of insider dealing and two counts of money laundering.

Taxpayers suspected of fraud by HMRC will be able to avoid criminal investigations if they admit to their actions, under a new initiative.

It's a call some advisers might be dreading and, for many firms, it could compound the challenges they already face in 2012.

With less than a year to go until it is banned outright, almost a fifth of advisory firms remain entirely reliant on commission, research suggests.

Consolidation vehicle Succession Advisory Services has taken on four member firms in 2012, bringing in combined assets under management (AUM) of some £430m.