Regulation

BUSINESS SIZE

How the FCA scrutinises firms' risk

Yorkshire Bank has said it will respond to investor claims it was negligent in relation to failed investment Arck by the end of the month - the latest date possible under legal rules.

Network Sesame has confirmed that it is planning to drop its independence mandate for investment and pension advice and move to a ‘whole of market' restricted proposition in 2014.

IFA 20Twenty Independent has entered voluntary liquidation after a spate of claims against it relating to a film tax avoidance scheme.

NOT A FIVE

The Co-operative Group was scrambling late on Monday to convince the 4.6 million customers of its banking arm that its ethical stance could survive aggressive US hedge funds taking a stake in the troubled bank.

Around 200,000 HSBC customers who bought investments after being advised by sales staff in high street branches could be in line for compensation after a mystery shopping exercise by investigators from the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has banned an IFA and fined him £10,000 for giving poor advice, including on high risk products.

The Association of Professional Financial Advisers (APFA) has recorded a surplus of more than £117,000 for the year ended 30 June, thanks to a programme of cost reductions.