Regulation

A campaign to introduce a long-stop for advisers is gaining momentum. Fiona Murphy looks at the issues driving this

The Financial Conduct Authority (FCA) has found breaches to Principle 8 regarding conflicts of interest in half of the firms it reviewed as part of a report into inducements between advisers and providers.

Figures from the Financial Ombudsman reveal how Britain's banking giants are wrongly throwing out 70 % of complaints about so-called packaged accounts - which cost customers up to £300 a year.

Consumer attitudes towards financial services businesses have changed irreversibly, the chief executive of the Financial Ombudsman Service (FOS) has said.

Barclays bank is facing new fines in the region of tens of millions of pounds in association with a multi-billion pound private investment five years ago, according to reports.

Axa Wealth Services (Axa) was today fined £1.8m for giving poor investment advice to elderly and inexperienced customers, even though only 82 people complained. So what went wrong?

An adviser has hit out about the lack of understanding surrounding the value of advice post-Retail Distribution Review (RDR), claiming that the regulator should have done more to inform people.

The Financial Conduct Authority (FCA) has fined Axa Wealth Services £1.8m for failing to ensure it gave suitable investment advice to its customers.

AIFMD

Wealth manager Bestinvest has outlined plans to almost double its restricted financial planning team, as the group seeks to take advantage of the withdrawal of a number of major banks from the advice space.