Regulation

The Association of Professional Financial Advisers (APFA) has urged the Ministry of Justice (MoJ) to investigate Claims Management Companies (CMCs), which it thinks are increasingly manufacturing claims.

The head of the incoming Financial Conduct Authority (FCA) has suggested the new body will adopt a less aggressive tone than its predecessor and will instead seek to "have a dialogue" with the companies and individuals it regulates.

The Financial Services Authority (FSA) has confirmed that Fyshe Horton Finney Stockbrokers has entered the special administration regime (SAR).

The incoming Financial Conduct Authority (FCA) has outlined how it plans to use new powers permitting it to publish details of enforcement cases at one of the earliest stages of its proceedings.

TailorMade Independent, a distributor of Harlequin Property investments, has had its permissions changed to restrict its ability to carry on new pensions business.

The Financial Services Consumer Panel (FSCP) has launched a four pillars of consumer protection framework aimed at enabling more effective assessment of EU legislation, standards and supervision.

Lloyds Banking Group has been criticised after announcing 550 job cuts which trade union Unite said would come on top of the 1,340 lay-offs revealed earlier this year.

The director-general of the Institute of Directors (IoD) has hit out at the pay packages received by bankers.

Today the Association of Professional Financial Advisers (APFA) released its research, spanning five years, into the shape of the adviser marketplace. Here IFAonline breaks down its findings into the key numbers.

The number of advising staff working in financial advice firms fell 9% last year, according to figures put together for the Association of Professional Financial Advisers (APFA).