Financial services

Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.

RWC Partners is urging the IMA to look at the Morningstar categories when the body decides how to revamp the Absolute Return sector later this year.

The European Life Settlement Association (ELSA) has blamed the "sensationally negative" FSA for damaging the traded life policy sector (TLPI) sector.

The Financial Services Compensation Scheme (FSCS) has begun proceedings against more than 160 advisory firms it alleges mis-sold Lifemark-backed Keydata products.

A total of 162 firms have been included in proceedings launched by the Financial Services Compensation Scheme to claw back money paid out to investors in Lifemark-backed Keydata products.

The Financial Services Authority (FSA) has been told by a judge that it must destroy privileged attorney-client emails it obtained as part of its investigation into Keydata.

Goldman Sachs has been fined $22m by a US regulator for failing to prevent upcoming research from its analysts being passed on to its top clients.

UCIS

The Financial Services Authority (FSA) is to consult on reducing its projection rates after independent research supported the move.

REGULATION