Regulation

Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

The Financial Conduct Authority (FCA) will be tougher than its predecessor but its more open approach has improved its standing in the industry, Keith Richards has said.

The Financial Conduct Authority (FCA) has written to banks urging them to speed up their review of how interest rate hedging products were sold.

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.