News by: Michelle Abrego
The Financial Conduct Authority has banned two advisers over unsuitable advice which saw them switch clients into Sipps and invest them in unregulated and high risk products such as diamonds and overseas property.
Newcastle-based financial adviser Alok Dhanda has been charged with 13 counts of fraud.
Former Co-operative Bank chairman Paul Flowers has been charged with drug possession, according to reports.
London-based advice firm Merlin Financial Consultants has won its legal battle against a former adviser who it allegedly breached a non-competition agreement.
The Financial Services Compensation Scheme has so far recovered £44 million from its legal case against advisers which sold Keydata products and from its holding in Luxembourg-based life settlement fund Lifemark.
The Financial Conduct Authority has published warning notices against two insurance brokers who failed to ensure proper controls in managing client money.
Andrew Whiteley, Sheriar Bradbury and Joss Harwood make a full assessment of clients' legacy products, discussing and reviewing them before advising on a course of action.
The Financial Conduct Authority is set to launch a consultation to stop providers charging high rates for its customer services phone lines.
Sifa chairman Ian Muirhead is looking to form an accreditation scheme for financial advisers who specialise in personal injury work.
In this year's Budget, chancellor George Osborne turned the pensions market on its head with dramatic reforms. Click through to see how providers have adapted to the government's grand plans.
The Financial Conduct Authority has won a court battle against an unauthorised land banking firm, with a judge ruling that the firm should pay around £20.9 million back to investors.
The FCA has published its complaints data for the second half of 2013. Banks, providers, and even an advice firm made an appearance. Click through to see the top 10 firms on the regulator's list.
Sajid Javid has been appointed culture minister after Maria Miller resigned over an expenses scandal. He was previously financial secretary to the Treasury.
Complaints against financial firms have fallen by 15% according to the Financial Conduct Authority (FCA).
Advisers have welcomed Financial Conduct Authority plans to review due diligence, the at-retirement market and in-house funds, despite its closed-book blunder.
The Financial Conduct Authority has appointed law firm Clifford Chance to conduct an independent inquiry into its announcement of its closed-book life policies review.
Insurers can deliver the government's guidance guarantee as long as there are proper impartiality controls in place, said the Association of British Insurers.
London-based advice firm Merlin Financial Consultants is pursuing a former adviser for £224,000 over allegedly soliciting clients.
True Potential has hired former Scottish Widow investment director Colin Beveridge as and ex-BlackRock compliance officer Sheriden Davy to bulk up its management team.
Firms are failing to transition from selling products to providing advice, causing the Financial Conduct Authority to lose patience with the advice profession, according to Ernst & Young.