Regulation

Rival network appeals to burnt advisers

Clive Balchin had been with Sesame for 18 years but an ever more stringent approach to compliance pushed him to hand in his notice - just days before the group announced it was shutting its investment network.

Five IFAs' election wishes

An advice firm consolidator is requiring all of its advisers to attain Chartered status, requiring Level 6 qualifications - two grades above the minimum.

The Association of Professional Financial Advisers (APFA) has called on the regulator to issue clear guidelines on adviser liability when handling pension transfers involving 'insistent' clients.

Wealth manager Towry has been forced to spend a further £3.7m to deal with issues the regulator has with the business, following a quadrupling of the expenditure last year.

A law firm has launched a complaint investigation service for advisers to help them head off grievances before they reach the Financial Ombudsman Service (FOS).

The death of the ‘once and done' pension plan

A former professional indemnity insurance broker has been banned by the regulator for giving forged evidence and lying to the High Court.

Advisers and investors face further uncertainty over their fate as the Financial Services Compensation Scheme (FSCS) has once again delayed a ruling on advisers' liability for investment losses in overseas property scheme Arck.