TCF

The Financial Ombudsman Service (FOS) looks set to hold its ground on plans to include the names of businesses involved when it starts publishing final decisions.

Banks must ditch their sales-driven culture and adopt a more holistic approach to financial advice, the head of the new Financial Conduct Authority (FCA) has said.

The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without having to consult.

Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

The head of operations at the Financial Ombudsman Service has left amid concerns of high staff turnover at the organisation, which is now seeking a replacement for the £140,000 a year role.

IFAs hit social networking site Twitter to express their anger after an undercover investigation found financial advice given by high street banks and building societies is failing consumers.

The Financial Services Authority (FSA) has proposed a new set of rules to ensure banks and building societies check customers are eligible for insurance products before selling them packaged accounts.

Providers' claims that attitude-to-risk questionnaires can be as much as 93% accurate are being challenged by advisers.

The Financial Services Authority (FSA) has fined an independent financial adviser £16,000 after his firm gave unsuitable advice on unregulated collective investment schemes (UCIS) and flouted rules related to who the schemes can be promoted to.