Regulation

The Financial Services Compensation Scheme (FSCS) is to begin accepting claims from Direct Sharedeal customers, although it remains unclear whether the burden will fall upon financial advisers.

The Financial Services Authority (FSA) has fined Martin Currie Investment Management Limited and Martin Currie Inc £3.5m for failing to manage a conflict of interest between two clients.

The regulator has set out the circumstances under which the new Financial Conduct Authority (FCA) will exercise its temporary product intervention powers.

The Complaints Commissioner has rejected a complaint from a consumer that the Financial Services Authority (FSA) failed to adequately monitor his financial adviser, who he claimed had given him unsuitable advice.

Conservative big-hitter David Davis MP has given a cautious welcome to the Financial Services Authority's (FSA's) Arch Cru redress scheme, although he has warned it may be harsh on financial advisers.

GOODBYE FSA

A man convicted of insider dealing has been ordered to pay more than half a million pounds in a confiscation order.

Peter Smith, head of investment policy at the Financial Services Authority (FSA), is leaving the regulator.

Sense has launched a range of business support services for advisers working outside the company network.

The Association of Investment Companies (AIC) has suggested to members with modest investments in US securities that they may be better off not signing up to controversial tax initiative FATCA and taking the penalty charge.