Regulation

The government is to force tax avoidance schemes to reveal they are being monitored by HM Revenue & Customs (HMRC) as part of its wider clamp down on tax crime.

A former IFA has been jailed for ten years for defrauding investors of at least £3.5m in what has been branded a "classic Ponzi scheme".

A former Legal & General (L&G) adviser faces jail after being found guilty of stealing nearly half a million pounds from an elderly couple.

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).