This week's news… condensed

UCIS The FSA continued its enforcement action around the mis-selling unregulated collective investment schemes, with one adviser banned and fined £117,330. Arch Cru Arch Cru investors still undecided on whether to accepts payments from Capita's £54m scheme were given another 12 months to think it over. Restricted advice A sign of things to come? HSBC revealed plans to convert its whole-of-market advisory proposition into a restricted advice model next year. SIPPs The FSA was busy on the policy-making front this week, confirming SIPP charges disclosure exemptions will be rem...