Regulation

The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.

The new compulsory three-page Key Investor Information Document (KIID) will not be enough to bridge the information gap between all-knowing product manufacturers and the end customer, according to the Financial Services Consumer Panel (FSCP).

DRIVING SEAT

The Financial Services Authority (FSA) is set to probe the asset management industry in a review of the risks of bribery, corruption, sanctions and money laundering, according to law firm Dechert.

The Financial Services Authority (FSA) has been accused of a 'stitch up' over its decision not to fine Capita Financial Managers (CFM) £4m over the Arch Cru scandal.

Who will be the next governor of the Bank of England? The market is waiting with bated breath for Chancellor George Osborne to announce the successor to Sir Mervyn King later today.

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

European legislation the Markets in Financial Instruments directive (Mifid II) is the glaring omission from discussions about the Retail Distribution Review (RDR), according to the chief executive of the Association of Private Client Investment Managers...

HM Revenue & Customs (HMRC) has failed to halt the widespread use of "highly contrived" tax avoidance schemes, according to a National Audit Office (NAO) report.

A tough stance by the incoming Financial Conduct Authority (FCA) to act "early and decisively" will bring integrity back to financial markets, chief executive designate Martin Wheatley has pledged.