Regulation

The Financial Ombudsman Service (FOS) is to make further cuts to its operating budget in the coming financial year and has frozen its levy at £23.3m.

An initiative that will see savings clubs set up in primary schools to help children develop sensible money habits has received government funding.

The Financial Conduct Authority (FCA) has issued a public apology for omitting details in a warning notice, which could have alerted consumers to the wrong firm.

The government has asked the Financial Conduct Authority (FCA) to be more transparent in its supervision and enforcement actions, in a review released yesterday.

The Financial Conduct Authority (FCA) has outlined a number of good and bad practice scenarios around the design and delivery of ongoing advice.

Advisers are charging clients more post-Retail Distribution Review (RDR), despite falling product prices, a consultancy hired by the Financial Conduct Authority (FCA) has found.

The banning of commission on retail investments and the subsequent revelation of the "true cost" of advice has led some clients to consider the value of what their adviser offers, the Financial Conduct Authority (FCA) has conceded.

About two out of three financial advice clients receive ongoing services but only half understand what they are actually paying for, research from NMG has found.

The Financial Conduct Authority (FCA) has found increased professionalism in the advice sector and better disclosure of services and charges, but one firm has been referred to enforcement for "insufficiently engaging" with the Retail Distribution Review...

The Financial Conduct Authority (FCA) has declared the Retail Distribution Review (RDR), its "once in a generation" project to revamp the retail investment advice market, is working, though some concerns remain on the costs and labels of advisers' services....