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Advisers and investors face further uncertainty over their fate as the Financial Services Compensation Scheme (FSCS) has once again delayed a ruling on advisers' liability for investment losses in overseas property scheme Arck.

Advisers are being asked to vote on four options for limiting their personal liability for the advice they give, with the results passed to the regulator in a bid to make it reconsider its stance on the issue.

Old Mutual has named Bruce Hemphill as its next group chief executive.

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Investment advisers are still heavily reliant on income paid through commission, according to the latest research by the Association of Professional Financial Advisers (APFA).

Research and ratings group Rayner Spencer Mills Research (RSMR) has launched a range of model portfolios for directly authorised small advisory firms.

How Independent Financial Solutions invests clients' money

The Financial Conduct Authority (FCA) has fined Clydesdale Bank £20.6m for serious failings in its payment protection insurance (PPI) complaint handling processes that may have led to thousands of claims being rejected unfairly.

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