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FIVE THINGS

The Financial Conduct Authority (FCA) is concerned about being too retrospective in its approach and said further work needed to be done to improve certainty for regulated firms, board minutes have revealed.

The Institute of Financial Planning (IFP) has been swamped with applications for this year's Paraplanner of the Year award.

The Institute of Financial Planning (IFP) recorded a pre-tax surplus of more than £60,000 in 2012, thanks in part to a £22,000 profit achieved by FPSB UK, its qualifications awarding body launched at the beginning of last year.

HM Revenue & Customs (HMRC) has added a further ten alleged tax dodgers to its ‘most wanted' list, as the department faced criticism for so far apprehending only one of 20 original fugitives.

The Law Society has urged the government to halt its proposed reform of the tax law that governs limited liability partnerships (LLP), a structure commonly used by advisory businesses.

FROM THE EDITOR

REGULATION

The Financial Services Compensation Scheme (FSCS) has hired Sherlock Holmes actor Benedict Cumberbatch to voice over its new consumer awareness campaign, which will cost the industry £3m.

Aegon's net income fell 2% in the first half of this year, as higher underlying earnings were offset by losses on hedges due to rising equity markets and volatility - and an £18m loss on the sale of Positive Soltuions.