Regulation

A Chorley-based branch of national advisory group Perspective Financial has agreed to offer financial advice to members of Chorley Building Society.

Axa Wealth has cut its sales team by 30 staff in a bid to restructure the business following the completion of several projects.

Most advisers are not aware that issues with the new Financial Services Authority's (FSA) reporting requirements will result in them being unable to complete parts of their reports accurately, according to one software provider.

Proposals to make will-writing a legal activity requiring authorisation from a regulator are likely to be submitted to the Lord Chancellor next month.

The Financial Ombudsman Service (FOS) is currently upholding about 47% of all complaints, according to the FOS' own figures.

Axa Wealth chief executive Mike Kellard casts his eyes on the challenges and opportunities he expects 2013 will bring.

Advisers need to look at the product first and the client second when they are doing due diligence to meet the "very high" standards the Financial Services Authority (FSA) expects, according to Regulatory Legal, a law firm specialising in financial services...

The Financial Services Compensation Scheme (FSCS) is proposing to budget more than £7m for expenses related to recoveries in 2013/14, including from advisory businesses who recommended Keydata bonds.

A Financial Services Authority (FSA) project to compensate thousands affected by the interest rate swaps mis-selling saga has been criticised for not having the victims' interests at heart.

The many ways in which providers are remunerating advisers are "restricting choice and pushing up costs" for clients, according to the director of one advice firm.