Nearly a third of firms have told the FCA they always refuse transfers from insistent clients.

Aberdeen has quickly followed up its acquisition of Parmenion by announcing it is to take 100% ownership of a specialist investment manager.

Finance firms should all be given a simple star rating such as that used by ebay or the Food Standards Agency, a consumer watchdog says.

The FCA and FOS are both run by human beings and therefore there will always be differences in dealing with something as subjective as suitability, a top regulatory official says.

An FCA expert on a quest to quell regulation ‘myths’ has urged Financial Planners and Paraplanners to raise concerns and questions directly to the regulator.

Hargreaves Landsown has revealed it is being stung by a 450% rise in its bill to help pay for the FSCS, as it announced a 5% drop in profits.

Scores of Paraplanners will head to Northamptonshire later today as the third national Paraplanners Powwow gets set to take place.

A petition calling for an independent review of the regulation of financial advisory firms and the FSCS is closing in on 500 signatures.

An investigation has been launched by the Government to find solutions to the so called advice gap, while a probe will also examine the effectiveness of the Money Advice Service.

The chance for professionals working in and around the advice sector to comment on a major review examining the so-called advice gap ends next week.