Regulation

The government plans to scrap what it has branded the "failed" approved person regime in financial services and replace it with a new senior persons regime.

Investors in the collapsed Arch Cru fund range who sign up to a payment scheme set up by the funds' authorised corporate director, Capita Financial Managers, are in line to receive markedly less than forecast.

Somerset-based Stafford House Investments (SHI) has completed its acquisition of the financial advisory business of AC Mole & Sons.

Financial advisory group and consolidator Perspective Financial is seeking admission to float on the Alternative Investment Market (AIM) stock exchange in a move it says will raise gross proceeds of £28m.

The Association of Professional Financial Advisers (APFA) has said it fears innocent advisers would be disadvantaged and their names not cleared sufficiently under new proposals by the Financial Conduct Authority (FCA) about publishing warning notices....

The Association of Professional Financial Advisers (APFA) has today warned that the proposed new way of calculating compensation costs by the Financial Services Compensation Scheme (FSCS) could make levies more volatile and leave firms out of pocket....

Advisers could face a higher levy from the Financial Services Compensation Scheme (FSCS) under proposals for a new funding model.

The Financial Conduct Authority (FCA) is set to examine wealth managers' and private banks' business models as it establishes a new division to scrutinise the sector.

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