TCF

The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without having to consult.

A tax adviser has been found guilty of attempting to defraud clients of £70m with a tax avoidance scheme.

UK Insurance Ltd, the parent company of Churchill and Direct Line, has been fined £2.17m by the FSA for doctoring its customer complaint files.

IFAs around the country are charging vastly different fees for the same work and should be forced to publish transparent fee menus, Which? has said.

Standard Life (SL) will review the wording of letters sent directly to investors after advisers complained they were incentivizing clients to drop IFAs.

The Financial Ombudsman Service (FOS) said the number of complaints it receives about high risk investments being sold inappropriately remains "significant".

The Financial Services Authority (FSA) has fined Combined Insurance Company of America (CICA) £2.8m because its poor management of staff put customers at risk of being treated unfairly.

Standard Life has denied its latest mailout to IFAs' clients is an attempt to sell to them direct.

John Spence, the newly-appointed non-executive director of the Money Advice Service (MAS), was in charge of managing risk at Lloyds TSB during the height of its endowment mis-selling scandal.

Natwest has admitted forging a customer's signature on a terms and conditions form for one of its personal loans.