Regulation

WILLS

A new Bill outlining changes to Scotland's bankruptcy laws has been introduced to the Scottish Parliament.

The shift towards fees brought about by the Retail Distribution Review (RDR) could lead to a reduction in pension scheme member engagement, according to Capita's head of DC Paul Sturgess.

The Financial Services Compensation Scheme (FSCS) has declared 13 financial advice firms in default and invited customers to come forward with their claims.

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.