Wealth managers

A care home group is suing Barclays for £37m over the rigging of LIBOR in a landmark case which could force the bank to disclose the names of managers involved in the scandal.

The Financial Services Authority (FSA) is to set the income threshold under which firms will only have to pay the minimum annual fee at £100,000.

A financial adviser has been banned and fined £117,330 for mis-selling unregulated collective investment schemes (UCIS).

UCIS

An adviser has had his application to become an approved person rejected because of his failure to disclose past convictions and a prosecution for mortgage fraud.

The European Parliament has voted against a ban on commission payments in Europe in a move placing it at odds with the FSA's stance under the incoming Retail Distribution Review (RDR).

The US government has postponed the start date of incoming tax regime FATCA to give businesses more time to comply with the rules.

The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.

A Financial Services Authority (FSA) thematic review has uncovered widespread failings among SIPP operators.

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.