Specialist

The Financial Services Compensation Scheme (FSCS) may avoid picking up the whole bill for the suspended ARM Asset Backed Securities investment as the fund's board has found a buyer for the life-settlement policies in its portfolio.

At least 80 Keydata investors are concerned they will not have recourse to the courts if their claims at the Financial Ombudsman (FOS) fail to fully compensate them, because the service is taking so long.

IFA network PI Financial is in the spotlight again over the mis-selling of unregulated collective investment schemes (UCIS), two months after being hit with a £58,000 fine by the regulator for giving unsuitable UCIS advice.

A group of MPs are planning to set up an All Party Parliamentary Group to help British investors who are facing legal action by a Cyprus bank.

Brett Williams, the former head of platform giants Skandia and Cofunds, has moved into the enterprise investment scheme (EIS) market with a series of launches through his new venture Old Burlington Investments (OBI).

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

FIVE THINGS

The Institute of Financial Planning (IFP) has warned the government that the threat of retrospective regulation is preventing advisers from recommending enterprise investment schemes (EIS) to clients.

Oil prices dropped yesterday as economic data from China and Europe renewed concerns about a slowdown in global demand.

The gold spot price rose to its highest level this year yesterday as global equity markets started the quarter with strong rises.