Regulation

The Financial Services Compensation Scheme (FSCS)has paid out £550,000 to date to investors affected by the collapse of Honister Capital.

The Personal Finance Society (PFS) has called for a better recognition of the rising standards in the professional advice community on the back of recently published complaints figures.

A tax avoidance scheme which routed profits of a tax advisory business through employee benefit trusts has been closed by a tribunal.

The Financial Conduct Authority (FCA) has fined Xcap Securities, a retail investment and capital markets business, £120,900 for failing to adequately protect client money and client assets.

Charles Stanley has raised its final dividend by 4.4% after reporting an 8% increase in adjusted pre-tax profit for 2012-13.

Lloyds Banking Group has admitted to failings in its handling of payment protection insurance (PPI) complaints, following an undercover investigation.

END OF DAYS

Network Tenet has reported a loss of £4.4m after making a £4.5m provision for claims relating to Arch Cru and Keydata.

The Association of Professional Advisers (APFA) has today urged the Financial Conduct Authority (FCA) to re-think its proposal of fees for the coming year, claiming that advisers were hit disproportionately hard.

The Financial Services Compensation Scheme (FSCS) is looking into whether it can help customers affected by the shut-down of Carleton Credit Union Limited in Portadown.