Regulation

The Financial Services Authority (FSA) has not used mystery shoppers for at least 18 months, despite a promise from Hector Sants that the regulator would make more use of the tactic.

Taxpayers suspected of fraud by HMRC will be able to avoid criminal investigations if they admit to their actions, under a new initiative.

Cazenove Capital Management has made unbundled share classes available to intermediaries across its equity and multi-manager fund ranges ahead of the RDR deadline at the end of the year.

It's a call some advisers might be dreading and, for many firms, it could compound the challenges they already face in 2012.

With less than a year to go until it is banned outright, almost a fifth of advisory firms remain entirely reliant on commission, research suggests.

The Association of IFAs (AIFA) has pledged to use 2012 to campaign for a more comprehensive regulatory structure for advisory businesses.

The Allele Fund, a company co-founded by Cherie Blair, has removed a claim on its website that it is authorised by the Financial Services Authority (FSA).

Consolidation vehicle Succession Advisory Services has taken on four member firms in 2012, bringing in combined assets under management (AUM) of some £430m.

Banks are ignoring the risk of fraud committed by their own employees despite investment in anti-fraud systems, accountancy firm BDO has warned.

Her Majesty's Revenue and Customs (HMRC) is trialling a new dispute resolution service for small businesses.