UPDATE: FSA probe into Castlestone 'not criminal investigation'

Castlestone has released a new statement emphasising the FSA's ongoing investigation into the firm does not relate to any criminal activity.

The group said the regulator's inquiry is of a "purely regulatory nature" and reiterated it is co-operating with the investigation. "FSA confidentiality prevents Castlestone from providing specific details of the FSA's concerns," it said, adding "the FSA investigation is not into criminal offences." The firm said it attended a meeting with the FSA today at which it provided all the information the regulator had requested, although it did not give any further details on the nature of the FSA's request. Castlestone added it wanted to reassure investors it "remains financially sound a...