Regulation

The Chartered Insurance Institute (CII) has urged providers to 'step up to the mark' and buy into the increased professionalism of the financial services industry heralded by the Retail Distribution Review (RDR).

The Financial Services Authority (FSA) is to commission an independent review of the Money Advice Service's (MAS) use of its resources next year, it has been revealed.

SAFE, NOT SORRY

The Legal Ombudsman has warned the sector is at risk of dragging down its reputation to the level of the financial services industry through the mis-selling of confusing legal products and services.

The Association of Christian Financial Advisers (ACFA) has called for an end to the Financial Services Compensation Scheme (FSCS) in its current form and a re-drafting of the professional indemnity insurance (PII) market.

The government is considering the ability of financial advisers to advise on social investments as part of an effort to boost activity in the area.

The Pensions Regulator (TPR) has inadequate processes in place to measure performance, a National Audit Office (NAO) report has found.

An independent financial adviser is spearheading a campaign to revive trust in financial services, which he said has reached "crisis point".

The Financial Services Authority (FSA) has blocked acquisition activity by a financial adviser, questioning her reputation and citing her lack of honesty and integrity.

A House of Lords committee has called for a ban on commission payments to financial advisers across Europe, regardless of their status.