Wealth managers

The Solicitors Regulation Authority (SRA) is to recommend that its members are allowed to refer clients to both restricted and independent advisers.

The ‘advice gap' post-Retail Distribution Review (RDR) is a major cause of concern and must be monitored closely by regulators, the Association of British Insurers (ABI) will say later today.

The RDR-induced switch to ‘clean' share classes could help active funds fight back against the shift towards passives, according to new research from wealth manager Equilibrium.

The FSA has issued a public censure against Capita Financial Managers Limited (CFM) for its failings in relation to the CF Arch cru funds between June 2006 and March 2009.

GOSLING'S GROUSE

The Financial Services Authority (FSA) has fined UBS AG (UBS) £29.7 million for failing to prevent large scale unauthorised trading which lost the bank over $2bn.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch cru redress scheme have been postponed due to the overwhelming response to the regulator's consultation.

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

An IFA has helped a couple win compensation from high street bank Santander after the bank was unable to tell the clients how many accounts they had or how much money they had invested.

A Ratner moment, Skandia cost cuts and more taxes on the rich all made our top ten list of best read stories on the Investment Week website this week.