Regulation

APPROVED PERSONS

A fifth of IFAs expect to see a "significant" increase in the number and size of fines inflicted on the financial services sector over the next five years, according to research.

The Association of Professional Financial Advisers (APFA) has warned the regulator that consumers will be disadvantaged if the trend of shrinking adviser numbers is not reversed.

Legal & General has become the latest provider to report a marked increase in the number of transfer requests to suspected pension liberation schemes.

Many advisers are not prepared to handle incoming minimum capital requirements, according to the Association of Professional Financial Advisers (APFA).

Labour MP Paul Blomfield will introduce a private members bill on Wednesday with the aim of creating a harsher regulatory environment for payday lenders.

The legal industry is set to launch a new will writing quality scheme to bridge the gap left by the government's refusal to regulate the practice.

MoretoSIPPs principal John Moret has called for a new regulatory framework for the SIPP market.

A former IFA has lost his challenge to overturn the Financial Ombudsman's ruling that he had given a client unsuitable pension advice, which ordered him to pay almost £50,000 in compensation.

More than a quarter of advisers say their experiences in the period leading up to rule changes introduced following the Retail Distribution Review (RDR) were "the toughest of their lives", a new report suggests.