Regulation

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

Standard Chartered has agreed to pay a $340m (£217m) fine to US regulators after it was accused of trying to hide up to $250bn of transactions with Iran.

Three ex-Honister providers will continue to accept bulk transfers despite MacRobin's assertion that there are legal and practical issues that should prevent them from doing so.

Attractive commission options on offer from some providers ahead of the Retail Distribution Review (RDR) contributed to Standard Life's fall in gross inflows to its new-style propositions, its UK chief executive has said.

The advisory business that acquired the trail and pipeline commissions of Honister Capital advisers has questioned some of the actions of providers since the deal took place, and pledged it "will not compete" with the IFAs over their clients.

The advisory arm of Sanlam UK has said it will move from a national to a 300-adviser network over the next five years.

FSCS

HM Revenue & Customs (HMRC) will spend an extra £34m and recruit up to 1,000 extra contact centre staff to achieve its target of answering 90% of calls, chief executive Lin Homer has announced.

Support service PanaceaIFA has criticised the Financial Services Compensation Scheme (FSCS), after a poll of its members found 97% believe there needs to be more transparency about how the body arrived at its 2012/3 levy.

The Financial Services Authority (FSA) has warned that most crowdfunding schemes should only be targeted at sophisticated investors, amid concerns about their risk and complexity.