Regulation

The owners of a former advisory business are a step closer to facing a £500,000 claim for bad advice after a judge ordered them to disclose documents that could wreck their defence the claim is too old.

The Association of Professional Financial Advisers (APFA) has warned the industry could yet lose more small firms as advisers say they are lacking confidence in their business models.

Advisory firms have successfully adapted to the Retail Distribution Review (RDR) but the cost of regulation remains a massive barrier to development, the Association of Professional Financial Advisers (APFA) has said.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has deferred taking his annual bonus amid the ongoing enquiry into the bungled announcement of an insurance industry investigation.

Online support service Panacea Adviser has launched a guide to help firms plan their strategies around the switch-off of trail commission.

It takes two: Dancing the adviser/client technology tango

The financial services regulator has apologised to an adviser who claims an employee swore at him during a telephone conversation.

Wonga is to pay more than £2.6m to around 45,000 customers for "unfair and misleading" debt collection practices following an investigation by the regulator.

Financial products carrying a ‘traffic light' labelling system to represent some of their attributes - such as historical average return - would create a false sense of security among investors, a study has concluded.

A financial adviser has been permitted to include a complaints time bar in his client terms of business contracts, after the Financial Conduct Authority (FCA) conceded to his case.