Regulation
Property
The government has relaxed the tax rules on Property Authorised Investment Funds (PAIFs) and REITs in a move set to increase the number of these vehicles in the marketplace.
06 December 2011
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Financial services
Almost a third of discretionary fund managers (DFM) cannot deal with direct investments into structured products, according to an analysis of the market.
06 December 2011
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Financial services
The Financial Services Authority (FSA) is to conduct a review into the sale of unregulated collective investment schemes (UCIS) early next year.
06 December 2011
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Financial services
Leading fund managers, including L&G and Jupiter, have stepped up their attack against huge pay rises at the UK's biggest banks.
06 December 2011
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UK
The FSA has fined HSBC £10.5m for inappropriate investment advice provided by one of its subsidiaries, NHFA Limited (NHFA), to elderly customers.
05 December 2011
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3 min read
Wealth managers
The Financial Services Authority's report into the collapse of Royal Bank of Scotland will not examine in any detail the role played by Sir Fred Goodwin and Sir Tom McKillop, its two most senior directors.
05 December 2011
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2 min read
Economics
The Bank of England has warned lenders it is considering changes to the way bonuses are measured to make it far harder for investment bankers to justify their multi-million pound awards.
05 December 2011
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1 min read
Financial services
The IMA is changing the name of its Managed sectors to fall into line with the Association of British Insurers (ABI) fund categories.
30 November 2011
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