Regulation

Simplified advice could include an element of commission on a limited range of products to ensure people can actually afford to see a financial planner, Sheriar Bradbury has said.

Arch Financial Products (AFP) directors Robin Farrell and Robert Addison have lost their case appealing a regulatory fine and ban against them for their role in managing the failed Arch Cru funds.

The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

The Association of Professional Financial Advisers (APFA) has welcomed news that the Financial Services Compensation Scheme (FSCS) plans to cut its costs levy on the industry by £5m.

Competition in the £700bn cash savings market often does not work well for consumers, particularly those with long-standing accounts, the Financial Conduct Authority (FCA) has found, as it reveals plans to overhaul how the industry works.

The Financial Conduct Authority (FCA) has published data on how people deal with money and financial services to help providers design suitable products for their customers.

The head of the organisation charged with promoting and setting standards for financial planning around the world believes it is possible to communicate its value to a UK public already sceptical about broader financial services.

Regulators have proposed levying the industry £74.4m to pay for the day-to-day running of the Financial Services Compensation Scheme (FSCS) up until next March, a 6% fall on last year's levy.

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