Regulation

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Towergate Insurance has sold advice business Towergate Financial to Palatine Private Equity in a £8.64m deal.

Structured product sales strategies under the spotlight

Financial Conduct Authority (FCA) technical specialist Rory Percival has hinted the regulator and ombudsman are working to agree on guidelines around suitability reporting for advisers.

The convicted fraudsters behind failed property investment Arck have been banned from being company directors for a total of 29 years.

The majority of advisers have turned clients away in the last year, mainly because they were concerned the advice was too expensive, research from the Association of Professional Financial Advisers (APFA) suggested.

The fund management industry is "ripe for investigation" regarding pay packages, according to the Institute of Directors (IoD).

Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.

Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.

The Serious Fraud Office (SFO) has opened a criminal investigation into an alleged fraud involving investments in teak plantations in Brazil.