Wealth managers

A transatlantic banking watchdog would protect American and British taxpayers from bailing out banks which are too big to fail, under new plans.

HSBC and Standard Chartered have agreed record settlements over money laundering allegations as the former agrees to pay $1.9bn to US regulators.

For months now, in the build-up to the end of year RDR deadline, fund providers have been anxious to tap into adviser and client demand for risk-rated, multi-asset portfolios.

The Financial Services Authority is considering major making 'radical changes' to its approved persons regime, according to a report in the Sunday Telegraph.

Firms and individuals are to be encouraged to self-report on instances of market abuse, a senior Financial Services Authority (FSA) figure has said.

Advice firms must send the Financial Services Authority (FSA) data on all of their advisers' professional standards by the 29 January 2013.

Fourteen people - including a former HM Revenue & Customs (HMRC) officer - have been ordered to pay back over £1m for their part in a £1.2m tax fraud.

The coalition government will not introduce a new tax on property, the Chancellor said today.

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.

Brewin Dolphin's discretionary funds rose 16.7% to £18.2bn at 30 September 2012, up from £15.6bn the year before.