Regulation
Financial services
The Financial Services Authority (FSA) has expressed concerns about the quality of advice around firms' use of 'centralised' investment solutions after a thematic review flagged widespread failings at some firms.
04 April 2012
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Financial services
The Financial Services Authority (FSA) must issue a consultation paper on advisers' use of unregulated collective investment schemes (UCIS) as a matter of urgency, according to financial services consultancy Aim Two Three.
04 April 2012
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Financial services
The Financial Services Compensation Scheme (FSCS) is to levy life, pensions and investment advisers for an extra £38m, as it begins making part-payments to Arch cru investors with eligible claims against failed IFAs.
04 April 2012
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Wealth managers
Ian Hannam, the chairman of capital markets at JP Morgan Cazenove, has resigned after the FSA proposed to fine him £450,000 for market abuse.
03 April 2012
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Wealth managers
This week the Financial Services Authority hit private bank Coutts with an £8.75m fine after it found the bank had failed to operate in a way which prevented money laundering.
28 March 2012
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Wealth managers
The number of complaints related to advising, selling and arranging rocketed from 647,000 in the first half of last year to almost 1.1 million in the second half, according to figures released by the FSA today.
28 March 2012
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