Regulation

An IFA has been ordered to repay a £7,400 upfront fee it received from a client who subsequently felt its recommendations were inappropriate, following a final decision from the ombudsman.

Three investments in off-plan property firm Arck totalling £45,000 were too high risk and complex for a client, the Financial Ombudsman Service (FOS) has ruled, despite the adviser's claims he had previously invested in similar schemes.

Simplified advice: How simple should your new model be?

Some wealth managers are unclear and inconsistent in their communication with clients regarding in-house fund ranges, a Financial Conduct Authority (FCA) review has found.

‘Why oh why would Aviva want to takeover Friends?' Industry reacts to deal talk

The Institute of Financial Planning (IFP) is in discussions with the regulator about drawing up a definitive list of possible conflict of interest scenarios that crop up during the advice and planning process.

The Financial Services Compensation Scheme (FSCS) is notifying investors who lost money in Lifemark-backed bonds distributed by Keydata that they can expect further payments shortly.

Aviva has confirmed it is to buy rival insurer Friends Life in a deal worth £5.6bn which will create a combined business with 16 million customers.

Fund management fees: The great unknown

The Financial Conduct Authority (FCA) is reluctant to provide further guidance on key advisory issues on which it has already offered direction, suggesting it would not be helpful.