Regulation

The increased workload from the mis-selling of Payment Protection Insurance (PPI) has left the Financial Ombudsman Service (FOS) with "a significant challenge", the body has admitted.

TEN TITBITS

The proportion of complaints referred to the Financial Ombudsman Service (FOS) relating to independent financial advisers (IFAs) is continuing to fall.

The Upper Tribunal has upheld the Financial Services Authority's (FSA's) decision to ban and fine two former UBS advisers £1.3m in relation to an unauthorised trading scheme.

Insurer Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath, the Telegraph reports.

The Association of Independent Financial Advisers (AIFA) and the Association of British Insurers (ABI) is to co-host a roundtable event looking at how upcoming regulatory changes will affect IFAs.

The Institute of Financial Services has launched a Certificate of Professional Achievement (CPA) aimed at people in supervisory, training, planning or support functions who want to demonstrate their professionalism and commitment to financial services....

The Financial Services Authority (FSA) is assessing the credentials of candidates from across three continents in its search for a new enforcement head to replace Margaret Cole.

RDR

MiFID II