The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.
The Complaints Commissioner has rejected a claim against the Financial Services Authority (FSA) by a consumer who wrongly believed their UK-based adviser had passporting permissions.
Cater Allen has launched an 'Retail Distribution Review (RDR)-ready' structured deposit plan, offering 100% participation in FTSE 100 growth, capped at 26%.
Financial Ombudsman Service (FOS) chief executive Natalie Ceeney has praised independent financial advisers for their complaints handling, saying they do a better job than larger businesses such as banks.
Growth on its Elevate platform and within the Architas investment division helped Axa Wealth boost its assets under management (AUM) by 15% year-on-year in Q3.
The Financial Services Authority (FSA) is to set the income threshold under which firms will only have to pay the minimum annual fee at £100,000.
The deadline for Arch Cru investors to accept payments from a £54m scheme set up by Capita and the funds' depositories has been delayed by 12 months until 31 December 2013.