Regulation

Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review (RDR), according to a recent poll, despite regulatory scrutiny of the market.

The Financial Ombudsman Service (FOS) has reported a 39% increase in overall complaints against financial products, with increases in claims related to self-invested person pensions (SIPPs), personal pensions and annuities.

The Financial Services Compensation Scheme (FSCS) has declared a further 18 advisory firms in default.

The Co-operative Bank has said it expects to shell out a further £100m in compensation to cover "revised" estimates on claims made over the sale of PPI.

The Financial Conduct Authority (FCA) has fined two directors of a Surrey-based IFA £885,000 and banned them from holding any position at a financial firm for misleading investors to invest in overseas property schemes that they were also in charge of....

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

A City law firm has attacked the regulator's plans to remedy the damage caused to firms subject to a false warning notice, saying the proposed action was little more than a "footnote".

EXCELLENCE

The Financial Conduct Authority (FCA) has revealed that Barclays bank was the most complained firm in the first half of the year.

The Financial Conduct Authority (FCA) will now be publishing details of warning notices against firms and individuals before it issues enforcement proceedings against them. But in what circumstances will it name and shame individuals?