Financial services

TWIN PEAKS REGULATION

REGULATION

Prudential has been forced on the defensive over an e-mail sent to thousands of staff in which a senior executive appears to make a series of disparaging remarks about FSA policies.

The FSA is to look into charges levied by UK fund management groups after its head of investments policy queried why they have been rising in recent years.

Former directors of failed banks could be banned from taking lucrative jobs in the City under plans being drawn up by the regulator.

The Financial Services Authority is to explore changes to the client assets regime in the wake of the Lehman Brothers collapse.

Allen Stanford, the financier convicted of running an estimated $7bn Ponzi scheme, has called for a new trial, blaming the media's use of Twitter in the courtroom and a lack of time to prepare his defense.

The Financial Services Authority (FSA) has won a £32m judgment against the individuals behind three land banking operations, although it has warned investors are unlikely to recover most of the money.

Life settlements fund EEA has written to shareholders of the suspended traded life policy investments (TPLI) fund, ahead of an FSA consultation on the asset class.

The Financial Services Compensation Scheme (FSCS) says it does not expect any major investment failures in the next financial year after setting another interim levy for financial advisers.