FSCS

It's been another busy (and in some instances raucous) year in financial services. While it's been a positive 12 months in many respects for advisers, the regulator has again come in for criticism...

Last year's promised changes to regulation - which have long been going on in the background - gripped financial services publicly.

The Financial Services Compensation Scheme has revealed it has received 600 claims against IFAs related to Arch Cru advice, but added it has yet to decide if it will pay any investors compensation.

Intermediaries could face another multi-million pound interim levy after the Financial Services Compensation Scheme (FSCS) warned it may need an extra £40m to meet compensation costs this financial year.

Daniel Cawley, partner of 121 Financial Services, explains why, in his experience, structured deposits suit the majority of clients.

The Financial Services Authority (FSA) will force banks, building societies and credit unions to prominently display information to customers about the Financial Services Compensation Scheme (FSCS).

A change to the way in which financial advisers working within solicitors firms are regulated could force law firms to shut down their financial services businesses, a solicitor said.

Five things the nationals have highlighted over the weekend that your clients will call you about this week.

Ten of this week's best-read stories

The pursuit by the FSCS and FSA of advisers who recommended Keydata products looks set to create a domino effect that will cascade far and wide.