Regulation
23 May 2013
The Financial Conduct Authority (FCA) has fined J.P. Morgan International Bank Limited (JPMIB) £3,076,200 after identifying a series of failings within its wealth management business.
21 May 2013
Fund managers can expect the axe from discretionary fund managers (DFMs) if they fail to perform within the first 12 months of being granted a mandate, according to research by Coredata.
17 May 2013
The London property tycoon behind one of Britain’s biggest mortgage scams has been given an extra four years in jail after judges ruled his sentence “too generous”.
17 May 2013
Honister Capital and its IFA networks Sage Financial, Honister Partners and Burns Anderson have defaulted, the Financial Services Compensation Scheme (FSCS) announced today.
17 May 2013
The directors of the troubled £400m Caribbean property investment scheme run by Harlequin Property have been issued with a High Court order freezing their personal assets up to £1.1m.
17 May 2013
A significant minority of investors at Prudential have voted against chief executive Tidjane Thiam's 2012 pay deal, delivering a rebuke to leadership already under fire for their handling of a failed Asian takeover.
14 May 2013
The government has launched a consultation on allowing the transfer of existing savings from Child Trust Fund (CTF) accounts into Junior ISAs (JISAs).
14 May 2013
Respect MP George Galloway has joined with the IFA Centre to rally all 650 members of Parliament to fight for compensation for Arch cru investors.
10 May 2013
Ratings agency Moody's has downgraded the Co-operative Bank's debt rating - prompting the exit of its chief executive - after warning the group may need to raise £1bn.
09 May 2013
The Financial Conduct Authority (FCA) is probing asset managers' use of "transition management" services over concerns end investors' interests are being disregarded.
08 May 2013
More consumer protection, a £144 flat-rate state pension and a cap on social care costs were among the measures outlined in today's Queen's Speech.
03 May 2013
A man and a woman have been arrested in connection with a Financial Conduct Authority (FCA) investigation into insider dealing.
02 May 2013
The Financial Services Authority (FSA) was ineffective in its role as overseer of the financial services sector because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).
01 May 2013
Fidelity FundsNetwork has warned the true cost of implementing the 2016 legacy rebate ban could be far higher than the regulator's predictions because of rules on contacting ‘dormant' clients.
01 May 2013
Fidelity FundsNetwork has confirmed it is reviewing its charging structure for investors in its Navigator range who buy the funds via its own platform.
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Features
More consumer protection, a £144 flat-rate state pension and a cap on social care costs were among the measures outlined in today's Queen's Speech.
The Financial Services Authority (FSA) has today revealed a string of advice failings at six unnamed highstreet banks and building societies, uncovered during a mystery shopping exercise by the regulator. Here are the seven ways the highstreet is failing those seeking advice.
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Threadneedle’s Gary Collins explains what the new range of RDR share classes mean for advisers and their clients.
Bull/Bear
Although US equity markets have continued to reach new all-time highs this year, sentiment towards the prospect of a sustained US economic recovery has become more tentative in the past few weeks.
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