Financial services

The IMA has re-launched its Managed sectors with new names and definitions, apart from the Mixed Investment 0-35% Shares sector which has been delayed.

TAX

The Financial Services Authority's (FSA) report into the failure of HBOS is being delayed by a legal challenge from Peter Cummings, a former senior executive at the bank.

Advisers should expect a sharp focus on their investment propositions when the Financial Services Authority (FSA) begins its review of small firms later this year, according to Simplybiz managing director Matthew Timmins.

US shareholders in Lloyds at the time of its takeover of HBOS have launched lawsuits against the bank, its former chairman, Sir Victor Blank, and ex-chief executive Eric Daniels.

The FSA's understanding of the platform industry has again been called into question after it sent an "odd" questionnaire to operators quizzing them on their relationship with fund managers.

The Financial Services Authority (FSA) has banned and fined a former client adviser at UBS AG £150,000 for failing to act with integrity.

Capita Financial Managers has published its most up-to-date figures for the total return - and loss - investors in each of the Arch cru funds can expect.

Sir Fred Goodwin could face criminal charges after the FSA's report into the collapse of the Royal Bank of Scotland (RBS) suggested the bank's directors broke Britain's accountancy laws.

The Association of Independent Financial Advisers (AIFA) has called for the FSA to be accountable over its intervention into the traded life settlement investment market, which the trade body said has caused "real consumer detriment".