Regulation

The Association of Professional Financial Advisers (APFA) has called for an independent audit to be carried out on the way the Financial Services Compensation Scheme (FSCS) funds its projects and recoveries.

The Financial Conduct Authority (FCA) has fined Aviva Investors £17.6m for failings in how it managed conflicts of interest.

Action Fraud, the UK's national fraud reporting centre, has said it will change the wording of future communications to the public after concerns about a newsletter incorrectly stating people can get financial "advice" from the Citizens Advice Bureaux...

Invesco Perpetual's £600m Income & Growth fund is to move out of the Investment Association's UK Equity Income sector after failing to meet the trade body's yield requirements.

The proportion of complaints against advisory groups found in favour of the consumer is significantly below the average for the sector, the Financial Ombudsman Service's (FOS's) latest data shows.

Two firm directors who lost investors about £60m in a scheme the Serious Fraud Office (SFO) branded "an elaborate scam" have had their sentencing postponed following fresh allegations made at the eleventh hour.

Investors in failed fund Connaught who are trying to claw back some of their losses must wait longer in limbo as the regulator admits it has still not brokered a deal to secure redress for them.

The Financial Conduct Authority (FCA) has ruled out conducting a study into competition in the retail platforms market - despite industry concerns - but is planning closer scrutiny of fund groups.

The Financial Conduct Authority (FCA) is to launch its first review of competition within investment banking, with a view to conduct a similar market study into asset management later in the year.

The Financial Conduct Authority (FCA) has said fund groups must do more to ensure they control the risk of market abuse, following a thematic review into the issue.