Regulation

A film scheme that was ruled to have been used by investors including high-profile celebrities solely to avoid tax plans to take its fight to the highest court in the land.

Investment advisers still need to make "substantial" improvements in demonstrating the suitability of their advice, despite a series of warnings, the regulator has found.

The Financial Ombudsman Service (FOS) has proposed to increase its levy on the industry by 5% while freezing case fees for the fourth year running.

New rules for consumers missing out on best deals

Loss of funds leads to closure

Spread the happiness

Early day motion calling for minimum two-year fee freeze as adviser costs rise

Investors in film schemes run by Ingenious Media were given the right to appeal an earlier High Court decision, which blocked their attempt to stave off HMRC tax demands.

Consultation closes on 22 December

'The phrase now seems almost inescapable'