The Financial Services Authority (FSA) has agreed to implement a six month maximum time scale for banks to complete their review and offer redress over interest rate swap mis-selling.
A boiler room money launderer has been ordered by the court to repay £320,000 in ill-gotten gains.
The Financial Ombudsman Service (FOS) has revealed details of a Keydata claim where it ruled against the IFA but decided no redress would be paid to the investor.
The Financial Ombudsman Service (FOS) has revealed details of a complaint where it has ruled in favour of a couple and against their IFA in a £60,000 case.
The Financial Services Consumer Panel (FSCP) has hit out at the Financial Services Authority (FSA) for a "record of procrastination", and has called on it to take immediate action against firms whose incentive schemes are to the "detriment of consumers"....
Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.
The Financial Conduct Authority (FCA), the Prudential Regulatory Authority (PRA) and the Bank of England (BoE) plan to deal with complaints in the 'twin peaks model' in largely the same way as under the current Financial Services Authority's (FSA) process....
The Financial Ombudsman Service (FOS) has ruled Intrinsic Independent Limited must repay about £86,000 to a client it gave unsuitable advice to invest his self-invested personal pension (SIPP) into an offshore property unregulated collective investment...
Claims management firms are being investigated by the Ministry of Justice after a surge in bogus compensation claims filed for consumers who were mis-sold personal protection insurance (PPI).
Restrictive covenants in advisers' employment contracts will continue to be enforced despite Towry's High Court loss, according to the law firm that represented Raymond James.
The FSA's ‘treating customers fairly' initiative has invited scorn from advisers who said it muddied waters that were previously clear. But not everyone thinks it was worthless…
A shadow minister has claimed the FSA's Treating Customers Fairly (TCF) initiative has failed to adequately protect consumers.
Most financial advisers do not understand all of the charges levied by fund providers, Alan Miller, founder of SCM Private said.
The Financial Ombudsman Service (FOS) looks set to hold its ground on plans to include the names of businesses involved when it starts publishing final decisions.
Banks must ditch their sales-driven culture and adopt a more holistic approach to financial advice, the head of the new Financial Conduct Authority (FCA) has said.
The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without having to consult.
Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.
Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.
The head of operations at the Financial Ombudsman Service has left amid concerns of high staff turnover at the organisation, which is now seeking a replacement for the £140,000 a year role.
IFAs hit social networking site Twitter to express their anger after an undercover investigation found financial advice given by high street banks and building societies is failing consumers.
The Financial Services Authority (FSA) has proposed a new set of rules to ensure banks and building societies check customers are eligible for insurance products before selling them packaged accounts.
Providers' claims that attitude-to-risk questionnaires can be as much as 93% accurate are being challenged by advisers.