Regulation

The Financial Services Compensation Scheme (FSCS) has raised the spectre of further levies to compensate Bentley-Leek Financial Management customers invested in collapsed property schemes.

Charges on exchange traded funds (ETFs) and other low-cost products could rise following the introduction of new European rules, according to a report in the Financial Times.

Barclays Bank is considering a new remuneration process which would see bonuses for its top executives reduced and payment deferred until they have retired.

The pick of this week's articles on IFAonline...

SCANDALOUS

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

Trade body SIFA has protested against the reduction in time allowed for responses to a Solicitors Regulation Authority (SRA) consultation into adviser referrals, stating the reduction is not "proper and democratic".

The jobs of tens of thousands of financial intermediaries working across Europe would be at risk if the European Commission (EC) outlaws the payment of commission to advisers, a lobby group has said.

Former tax boss Andrew Meeson has pleaded not guilty to charges his company defrauded HM Revenue and Customs (HMRC) by more than £5m through a "fictitious" pension scheme.

The Financial Services Authority (FSA) has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 over a two-and-a-half year period.