Court delays and slow progress at the Financial Services Compensation Scheme (FSCS) bring mixed news for investors in failed property scheme Arck as they fight for a resolution to their £60m saga.
From Keydata to Reyker: Clients continue to pay the price
The Financial Ombudsman Service (FOS) has thrown out a test case brought by an IFA who argued charges levied on Keydata investors following a change of custodian to their assets were "excessive" and "grossly unfair".
The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.
The Financial Ombudsman Service (FOS) has warned an increasing number of advised clients are reviewing their investments in unregulated collective investment schemes (UCIS) with a view to making a complaint.
Another person has been jailed for his role in running a "subtle and cruel" unauthorised collective investment scheme (UCIS) which lost investors a total of £4.3m.
A man who enticed dozens of investors to inject millions into a trader's fraudulent scheme has had an appeal against his two-year prison sentence dismissed by the Court of Appeal.
IFA Nick Bamford accepts Rory Percival's challenge over FOS verdicts
Financial Conduct Authority (FCA) technical specialist Rory Percival has re-issued a call to financial advisers to offer up evidence of discrepancies between how the regulator and ombudsman view liability - and said he had even taken to looking at adjudications...
Financial advisers are renewing calls for the Financial Conduct Authority (FCA) to make better use of the 'exceptionally severe' fines it levies on the industry, including by using them to cut regulatory costs.