Regulation

The Financial Services Compensation Scheme (FSCS) is set to deal with thousands of compensation claims related to the collapse of broker MF Global, with more expected.

The Association of Mortgage Intermediaries (AMI) is to establish itself as an independent organisation after nine years as part of the Association of IFAs (AIFA).

An FSA promise to re-visit the absence of a time limit on complaints in financial services "seems to have slipped off the radar", according to MP Mark Garnier, who has pledged to take the regulator to task on the issue.

The FSA began its final round of RDR surgeries last week, less than a year before full roll-out of the new rules. But surprises continue to crop up. Alasdair Pal spoke to a few of the early attendees…

Advisers are expected to have to pay part of a FSCS compensation bill for the alleged mismanagement of high risk Contract for Difference (CfD) investments which could total £13m.

The Financial Ombudsman Service (FOS) is in the process of deciding how it will go about publishing its decisions, and one of the main points of contention has been whether or not it should name the firms involved.

The FSA has warned advisers about "conflicts of interest" arising from holding shares in platforms.

Banks should allow consumers to select the benefits they want with their packaged accounts to help combat mis-selling of the products, Defaqto has said.

The Money Advice Service (MAS) says there is tangible evidence to show it is benefitting independent financial advisers.

Her Majesty's Revenue and Customs (HMRC) will be given new powers in the spring to tackle employers who try to dodge paying their PAYE or National Insurance contributions (NICs).