Regulation

Equity Release Council pushes for rule change

McDermott hits back at critics

An adviser has told how he was left suffering clinical depression and reliant on anti-depressants after he fell for a £50m scam City watchdogs repeatedly flouted warnings to shut down.

Watchdog faced heavy criticism

Post-it note size stuff for IFAs

Has brought about 'significant change'

Less regulatory scrutiny than contract-based alternatives

Volatility could spark outflows

A London jury has found an ex-broker not guilty of rigging the inter-bank lending rate Libor, a day after five others were also acquitted, in a major blow for the Serious Fraud Office (SFO) which brought the case.

Advisers have broadly welcomed the incoming head of the Financial Conduct Authority's (FCA) shift away from the tough stance of his predecessor, but are wary it heralds a softening approach to wrongdoers.