Regulation

The Financial Services Compensation Scheme (FSCS) said it is continuing to receive claims in respect of the CF Arch Cru funds, and has put the likelihood of a further interim levy for 2013-14 as ‘medium'.

The Financial Conduct Authority (FCA) is writing to 11 fund groups this week as part of a thematic review into fund charges.

LONG-STOP

The Serious Fraud Office (SFO) has charged four men, including an independent financial adviser (IFA), with fraud in connection with the promotion of biofuel investment products through SIPPs to UK investors.

HM Revenue & Customs (HMRC) has successfully challenged a stamp duty land tax avoidance scheme, protecting some £68m of taxpayers' money.

The Financial Services Compensation Scheme (FSCS) has begun paying redress to clients of stockbroker Fyshe Horton Finney (FHF), which entered special administration earlier this year.

HM Revenue & Customs (HMRC) has added a further ten alleged tax dodgers to its ‘most wanted' list, as the department faced criticism for so far apprehending only one of 20 original fugitives.

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in...

D2C

HM Revenue & Customs (HMRC) successfully prosecuted more than 600 people for tax evasion in 2012-13, more than double the amount in the previous 12 months and well ahead of its target for the year, figures show.