DELAYED FLIGHT

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.

A financial adviser has been banned and fined £117,330 for mis-selling unregulated collective investment schemes (UCIS).

An adviser has had his application to become an approved person rejected because of his failure to disclose past convictions and a prosecution for mortgage fraud.

Lord Flight has continued his broadsides against the Financial Services Authority (FSA), criticising it for taking a "tough guy, macho" to compensate for past failures.

The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.

A Financial Services Authority (FSA) thematic review has uncovered widespread failings among SIPP operators.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.