Regulation

More than £10bn has now been returned to payment protection insurance (PPI) policyholders by the banks and building societies that mis-sold it to them, according to the latest figures from the Financial Conduct Authority (FCA).

The £2bn payday loans industry has been referred for a full-blown investigation by the competition commission over concerns that firms benefit hugely from loans that borrowers can't pay back on time.

RISK-RATING

The Financial Conduct Authority's (FCA) capital adequacy rules will prevent many companies in the industry from developing their business models, according to Sense chief executive Tim Newman...

The Financial Conduct Authority (FCA)'s consumer panel has today warned that confusion over the purpose of the key information document (KID) could lead to its early demise.

The Financial Services Compensation Scheme (FSCS) is reviewing its decision to reject claims from investors who lost money in troubled life settlement fund ARM on the advice of now-defunct IFA Rockingham Independent.

Direct to consumer (D2C) business Willis Owen has seen a 20% fall in pre-tax profit last year -and has set aside £45,000 to deal with complaints.

Paraplanners are being invited to take part in an independent ‘powwow' forum event this autumn - with sessions hosted in teepees.

A Chartered financial planner who has spent more than two decades advising clients has quit the industry as he believes many parts of it are still geared towards selling products.

Efforts to stamp out tax evasion appear to be working after figures showed the number of ‘serious' cases hit a five year low.