Regulation

The government will not ensure the new Financial Policy Committee (FPC) includes an expert on insurance, the Chancellor has said.

The number of people earning more than £100,000 per year who use financial advisers has halved since 2008, according to AT Kearney.

The Financial Services Authority's judgement-based, twin peaks system must be embraced by the industry and lead to behavioural and cultural changes in both firms and regulators, according to Hector Sants.

Platforms are yet to make the national press but, when they do, threesixty's Phil Young fears it'll likley be due to another sorry tale of behind-the-scenes money exchange between manufacturer and adviser...

An alarmingly high number of consumers do not know how to risk-rate standard financial products, such as equity ISAs and with-profits bonds, research suggests.

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

Advisers will contribute £33m towards the total expected cost of running the Financial Services Compensation Scheme (FSCS) in 2012/13, although they will also pay an additional interim levy of at least £40m before April.

The financial services industry will pay an extra £40m toward the Money Advice Service (MAS) after it agreed to take on responsibility for coordinating and providing debt advice.

The Financial Services Compensation Scheme (FSCS) says it expects to recover "very significant" sums of money paid out as compensation to investors mis-sold Keydata bonds.

Advice firms will pay £38.4m towards funding the Financial Services Authority (FSA) in 2012/13, the regulator proposed today.