The government must conduct a full review of the 'uncontrollable' cost of regulation and the impact it is having on businesses, according to Tenet.
Eight out of ten advisers could move to a restricted advice model after the retail distribution review (RDR), recent findings suggest.
A land banking business shut down by the Insolvency Service last year convinced investors to hand over £10m in less than three years.
The chair of the Financial Services Consumer Panel (FSCP) has said the FSA's two-page consumer guide to the Retail Distribution Review (RDR) does not go far enough to explain upcoming changes to financial advice.
Financial secretary to the Treasury, Mark Hoban, was taken out for breakfasts, lunches and dinners 37 times in the 15 months to June 2011, official figures have revealed.
Compensation payments due to consumers mis-sold Payment Protection Insurance (PPI) slowed in January for the first time since September, with £403m paid in redress.