Financial services

THE KAY REVIEW

The Financial Services Authority (FSA) spotted flaws with the Arch cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

The Financial Services Authority (FSA) has censured Bank of Scotland for failings within its Corporate Division between January 2006 and December 2008.

Pritchard Stockbrokers has gone into administration, the FSA has confirmed.

The Financial Services Authority (FSA) has published final rules on the use of market value reductions (MVRs) by with-profits providers.

Economist Roger Bootle has revealed what he believes are the five key failings of financial markets, which should provoke authorities to intervene with tighter regulation.

Financier Allen Stanford faces up to 20 years in prison after being found guilty of orchestrating a $7bn Ponzi scheme.

Geir Haarde, the former Icelandic Prime Minister, is to go on trial on charges of negligence during the 2008 financial crisis.

Asset managers and business leaders including Neil Woodford and Terry Leahy have criticised short-termism among UK investors and warned it is a threat to equity markets.

River and Mercantile, the long-only specialist boutique, has joined a host of larger fund groups launching low-cost share classes ahead of RDR after unveiling shares with commission stripped out.