Investment General

A banned financial adviser who was last week arrested for misleading investors as part of a investigation by the Financial Services Authority (FSA) and West Midlands police has been named.

European markets have opened the week in positive territory, with the FTSE 100 rebounding from a period of extended losses.

Axa has said it is considering a sell-off of the advice business it owns, Bluefin Advisory Services.

A Poole-based IFA has expressed anger at lawyers for the FSCS for apparently mistakenly including the name of his firm on a list of businesses the scheme may pursue for money it paid out to Keydata investors.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. IFAonline can now exclusively reveal the full list.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata have sent out letters with the name and addresses of every firm it is chasing, including details of principals of appointed representative firms.

The winners of the Investment Week Investment Trust Awards 2011 were announced at a glittering ceremony in London last night.

Margaret Cole, managing director of the Financial Services Authority's (FSA) conduct unit, has pledged to MPs the regulator will look again at how Capita presented redress for Arch Cru investors under its £54m payment scheme.

Europe's biggest banks have been warned they could face a debt buyers' strike by the Association of British Insurers, amid an increasingly bitter feud over controversial changes to their bonds.

The Financial Services Authority (FSA) will face questions from Arch Cru investors at a hearing on Wednesday on the regulator's role in the downfall of the fund range - and the £54m redress deal - despite not being allowed at the meeting.