Regulation

The Financial Conduct Authority (FCA) has cancelled an an advisory firm's permissions after it failed to submit its Retail Mediation Activities Return (RMAR) on time and did not hold adequate professional indemnity insurance (PII).

Europe's insurers spent as much as €9bn keeping pace with a barrage of regulatory changes imposed on the industry in the years following the financial crisis, according to a report by Deloitte.

The former chief executive of The Co-operative Bank yesterday accused his successors of taking their "eye off the ball" ahead of the lender's failed bid to buy more than 600 Lloyds branches, a move which exacerbated a £1.5bn capital hole in its accounts....

The Financial Conduct Authority (FCA) will use the data it collects in the retail investment space, including from advisers, to see whether its new information-gathering strategy is working.

Hargreaves Lansdown has said it expects to introduce its new pricing model for funds in "early 2014" as it reported pre-tax profits of £195.2m, a jump of 28%.

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.

The Association of Professional Financial Advisers (APFA) has praised a commitment by the Financial Conduct Authority (FCA) to refund some of the costs of existing consumer credit licences (CCLs) to holders before they expire in April.

The Financial Conduct Authority (FCA) has announced a review of complaints handling and management in major firms, including building societies.

The Financial Ombudsman Service (FOS) handled more than 327,000 complaints in the first half of the year, a record for the organisation, figures published today show.

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.