Regulation

The Financial Services Consumer Panel (FSCP) has downplayed prospects of a cap on liability for financial advice, indicating it would strongly oppose any reintroduction of the 15-year long-stop.

Victims of Bernard Madoff's fraud are being mailed a slice of a $2.4bn payout, bringing their total recovery amount so far to more than triple the amount initially set aside.

Her Majesty's Revenue & Customs (HMRC) has won a court case defeating a widely-used scheme to avoid stamp duty land tax (SDLT).

Canada Life is converting its whole-of-life Flexible Life Plan into a pure protection product, meaning it can continue to pay commission post-Retail Distribution Review (RDR).

The Financial Services Authority (FSA) has again pledged to leave the door open to the possibility of reintroducing a 15-year long-stop on client complaints, though it continues to doubt the benefit of doing so.

The Financial Services Authority (FSA) has fined IFA network Pi Financial £58,300 for advising its clients to invest in high risk products which were "clearly" unsuitable.

JP Morgan Asset Management has outlined its plan to offer three share classes post-Retail Distribution Review (RDR) and has placed the onus on advisers to pick the right share.

HOW WAS IT?

Investec Asset Management managing director David Aird on the risks of ‘off-the-shelf' risk-rated funds...

RDR