Miss anything? This week’s key stories

The bank holiday may have provided a little respite, but it was still a busy week in the world of financial advice...

Tuesday

Think anyone at the FSA was dismissed after the financial crisis on grounds of capability or conduct? This week we found out no one was. But the redundancy and severance compensation was still pretty healthy.

Meanwhile, IMA chief executive Richard Saunders hit back at critics of the proposed changes to the Managed sectors, although he seemed to be willing to at least have a look at other ideas.

Wednesday

On the pensions mis-selling front, we found out about the Treasury's plan to remove tax relief on compensation payments for victims from between 1988 and 1994.

Anyone who actually thought the FSA would deliver its most anticipated policy paper on time was sorely disappointed when it pushed back the publication of its final rules for platforms until Q3.

Thursday

Sometimes it can be hard to put your neck out and defend AIFA. That's exactly what Neil Liversidge did this week, sending an email to thousands of advisers, urging them to drive change from inside the organisation.

The FSA recently said the increase in the Ombudsman's award limit will not affect professional indemnity insurance premiums. At least one provider thinks they're wrong.

Friday

It was revealed the Financial Services Consumer Panel is investigating platforms' recording of client transactions, following concerns consumers will be left with no investment history if providers go bust.

The week ended on a sombre note for the US, with Moody's saying it might put the country's rating under review for possible downgrade if the debt ceiling is not raised.

... and finally

The most unexpected news flash of the week came when the Serious Fraud Office revealed it suspects David Elias, a businessman deeply embroiled in the Keydata saga who was declared dead two years ago, may be alive and on the run in Southeast Asia.