Regulation

Almost half of financial advisers have turned away clients this year because they felt their services were too expensive for them, according to research commissioned by the Association of Professional Financial Advisers (APFA).

SCOTLAND

The financial services industry needs a simplified regime within which it can "talk the consumer language", in order to attract people shut out by the retreat of bank advice, BlackRock has suggested.

The Bank of England has maintained interest rates at 0.5% and the size of the asset purchase programme at £375bn.

The Money Advice Service (MAS) has started to develop "more targeted advice provision" and will soon be providing value for money, the National Audit Office (NAO) has said in a report, out today.

The European Commission has collectively fined 6 international financial institutions €1.7bn (£1.4bn) for their involvement in the manipulation of benchmark rates.

Confidence in UK financial services is at a 17 year high, with firms anticipating a greater recovery in volumes, profitability and employment in the fourth quarter.

There has been a 40% rise in reports by businesses of potential insider dealing to the Financial Conduct Authority (FCA), according to figures compiled by regulatory consultancy Bovil.

The Chartered Insurance Institute (CII) is currently undertaking a survey of consumers to see what impact the changes brought about by the Retail Distribution Review has had on them and their view of advice.

Veracity Asset Transformation Service has appointed former LEBC director Nigel Stallworthy as managing director.