Regulation

A tax avoidance advice 'timebomb' built up over a decade could send a "significant" number of new claims to the Financial Services Compensation Scheme (FSCS) now that the body has agreed to deal with similar cases, a firm representing unhappy clients...

The Financial Services Compensation Scheme (FSCS) has determined that financial advisers are liable for investors' losses in £60m property investment scheme Arck and has begun inviting claims.

Financial Conduct Authority (FCA) technical specialist Rory Percival has praised paraplanners for seeking to build a profession, but said the role should - and would - not be regulated.

Advisers are calling on regulators to introduce rules restricting the contact product providers can have with their clients.

The Financial Services Compensation Scheme (FSCS) has said the 150 claims it is investigating against poor advice to invest in apparently tax efficient schemes relate to business written in the decade from 2000.

The Financial Services Compensation Scheme (FSCS) has begun processing about 150 individual claims related to advice to invest in tax 'mitigation' schemes after being given the green light by lawyers.

Advisers should 'stop carping' about FSCS levy bills

Chancellor George Osborne will deliver his Autumn Statement alongside the government's spending review on 25 November.

Introducing a long-stop to financial advice liability is the only way a properly functioning mass-market model can develop, MPs have been told.

The Financial Conduct Authority (FCA) is planning to update its rules for retail clients advised to buy offshore life insurance bonds, affording them greater protection.