Wealth managers

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.

Barclays has launched Retail Distribution Review (RDR)-ready share classes on its active and passive funds and discretionary offerings.

Shares in Lloyds Banking Group and RBS have fallen today after broker Cazenove warned of the potential impact of further PPI provisioning.

Bank of Scotland has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate mortgage records.

The Financial Services Authority (FSA) "should and could" have intervened in the Royal Bank of Scotland's (RBS's) ill-fated acquisition of ABN Amro, a damning report by the Treasury Committee concludes.

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.