Regulation

A service allowing advisory firms to 'sense check' whether they meet the requirements for independence has been launched.

Caroline Rookes, the chief executive of the Money Advice Service (MAS), has hit back at critics of the organisation, saying the MAS is now delivering a "very effective" service and does not "step on the toes" of financial advisers.

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

The industry-funded Money Advice Service (MAS) has ignored calls by MPs to cut its marketing budget, saying it needs the multi-million pound pot to "encourage people to take action" on financial matters.

The Financial Conduct Authority (FCA) has won its case at the Upper Tribunal to ban former derivatives trader David John Hobbs from performing any role in regulated financial services for lying to the regulator.

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.

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