Regulation

It will come as little surprise to readers of IFAonline.co.uk that most of your peers believe Hector Sants, the former chief executive of the Financial Services Authority (FSA) and now the highly-paid head of compliance at Barclays Bank, was misguided...

Compensation and refunds related to mis-sold payment protection insurance (PPI) have reached £9.3bn, the Financial Conduct Authority (FCA) has said.

A spate of professional negligence claims have been lodged against the promoters of tax avoidance schemes - including advisers - following a clampdown by HM Revenue & Customs (HMRC), according to Reynolds Porter Chamberlain (RPC), the City law firm.

The controversial Money Advice Service (MAS) will likely be shut down when it next comes up for review in 2015, according to Association of Mortgage Intermediaries (AMI) chief executive Robert Sinclair.

Investment intermediaries must stump up an extra £2m towards the Financial Services Compensation Scheme (FSCS) levy for 2013/14, taking their annual levy contribution to £78m.

The Financial Conduct Authority (FCA) has banned Kevin Wells, the managing director of Montpelier Pension Administration Services, from performing any significant influence function at any regulated firm, and also censured him.

The Financial Conduct Authority (FCA) has set out the steps it will put into action in the event of a regulatory failure.

A NEW CHAPTER

PSYCHO-REGULATION

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has branded the previous watchdog - the Financial Services Authority (FSA) - "too robotic" in its approach to regulation.