Advisers have spoken of their frustration at the handling of the administration of Honister Capital.
The Financial Services Authority (FSA) has said advisers with Honister Group, which today entered administration, may have to wait a "number of months" before they can be re-authorised.
The imminent division of the Financial Services Authority (FSA) into two regulatory bodies presents an opportunity to leave the FSA's "damaged reputation" in the past, its chairman, Adair Turner, said today.
Financial advisory group Honister Capital has entered administration after failing to secure professional indemnity insurance (PII) for its member firms.
Barclays boss Bob Diamond has resigned from the bank with immediate effect, just one day ahead of a parliamentary hearing into his conduct following the LIBOR scandal.
The European parliament is set to reject a ban on commission to independent financial advisers (IFAs) when it votes on MiFID II next week.
Barclays bank chairman Marcus Agius has confirmed his resignation, admitting the "the buck stops with me" for the firm's interest rate fixing scandal.
The Financial Services Authority (FSA) will be the biggest winner following the retail distribution review (RDR), according to a survey of 280 advisory firms.