Featured Page with embedded Html

1. For featured content on the homepage I defined page content as content type, the content of the page is displayed however the HTML code that existed in the pages is being removed for some reason, leaving all plain and continuous text and without any type of formatting how can I get this fix, meaning including the HTML code in the featured content? 2. For featured slider I am using an image type, how can I replace the default back and next arrow by images? Thanks,