Regulation

The Financial Ombudsman Service (FOS) has ruled that an IFA should repay an investor £150,000, the amount he recommended he invest in a troubled unregulated collective investment scheme (UCIS).

The Financial Services Authority (FSA) has taken action against Ilford-based non-advisory business Baronworth Investment Services - and its chief executive Colin Jackson - for failing to ensure its direct-offer financial promotions were ‘fair, clear and...

An IFA is planning to raise with the Financial Services Authority (FSA) concerns he has that some closed fund companies are not treating customers fairly.

The Financial Services Authority (FSA) is advertising jobs for university graduates on a student website.

The Financial Ombudsman Service (FOS) is set to ask the Financial Services Authority (FSA) to increase the amount it levies firms by £5.3m to £23m.

The Financial Ombudsman Service (FOS) is proposing to increase the individual fee for firms who have complaints against them from £500 to £550 per case, but will also up the number of 'free' cases to 25.

The Financial Ombudsman Service (FOS) has said the number of complaints it has received about investments has increased by a third this financial year.

INNOVATION

Paraplanners and discretionary fund managers will be the primary beneficiaries of increased outsourcing among advisers, research suggests.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.