Regulation

Lawrence Churchill, the current chairman of the National Employment Savings Trust (NEST), is to be the next chairman of the Financial Services Compensation Scheme (FSCS).

The long-awaited flotation of wealth manager Towry has been delayed by poor economic conditions, according to reports.

The Financial Services Authority (FSA) is to hold a series of retail distribution review (RDR) implementation surgeries across the country, begininng at the end of this month.

The Financial Ombudsman Service (FOS) is proposing a new funding system for those businesses which receive mass complaints.

The Financial Ombudsman Service (FOS) said the number of complaints it receives about high risk investments being sold inappropriately remains "significant".

Five major providers have joined forces to agree a "shared" approach to facilitating adviser and consultancy charging.

The Financial Services Compensation Scheme (FSCS) has begun the process of compensating MF Global customers, with private customers with individual accounts the first to receive application forms.

An outspoken critic of the new qualification requirements for advisers has revealed he considered 'passporting' his business into the UK from Dublin in a bid to bypass the rules.

The Financial Services Authority's (FSA) report into the failure of HBOS is being delayed by a legal challenge from Peter Cummings, a former senior executive at the bank.

Advisers should expect a sharp focus on their investment propositions when the Financial Services Authority (FSA) begins its review of small firms later this year, according to Simplybiz managing director Matthew Timmins.