Regulation

The Financial Ombudsman Service (FOS) is determined to shed its reputation as an anti-adviser body, its chief executive has said.

The former appointed representatives (ARs) of failed network Alpha 2 Omega (A2O) are facing multi-million pound legal claims as the Financial Services Compensation Scheme (FSCS) tries to claw back the money it paid to mis-sold investors.

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The Personal Finance Society (PFS) has written to the Money Advice Service (MAS) and The Pensions Advisory Service (TPAS) to suggest they change their names to better reflect the services they offer.

An adviser who stole more than £200,000 from a client's pension has now been ordered to pay it back, plus interest, as well as serve three years in prison.

Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.

European Parliament has given the green light for Lord Jonathan Hill to be European Union (EU) financial services commissioner, despite facing tough questioning from sceptical MEPs.

National IFA LEBC has attacked the Liberal Democrats' leader Nick Clegg's recently outlined future tax proposals, saying they amount to an "anti-savings agenda".

Figures published by the Financial Conduct Authority (FCA) show the number of authorised investment advice firms has roughly stayed the same over the last eight years.

Two directors of HSBC's UK arm are poised to quit in protest at new Bank of England rules that pave the way for lengthy jail sentences to be imposed on senior managers of failed lenders, according to reports.