House of Lords

The issue of advising small pension pots is to be debated in the House of Lords on 27 November.

The Association of Christian Financial Advisers (ACFA) is supporting legal moves to stimulate increased social investment in the UK.

The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.

Lord Flight has continued his broadsides against the Financial Services Authority (FSA), criticising it for taking a "tough guy, macho" approach to compensate for past failures.

The Financial Conduct Authority (FCA) has committed to investigating the case for a long-stop as part of its business plan for 2014-15.

The Financial Services Authority (FSA) has again pledged to leave the door open to the possibility of reintroducing a 15-year long-stop on client complaints, though it continues to doubt the benefit of doing so.

The Association of Independent Financial Advisers (AIFA) has proposed the idea of ‘customer agreed liability' as a way of tackling the absence of a 15-year long stop on complaints.

The Association of Independent Financial Advisers (AIFA) has admitted any proposal in Parliament to reintroduce a 15-year complaints long-stop for financial advisers is unlikely to make it on to the statute books.

CONDENSED

Plans to allow the new financial regulator to publish warning notices about enforcement action have been branded as "unjust and dangerous" by a Conservative peer.