Wealth managers

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.

Threadneedle's Gary Collins explains what the new range of RDR share classes mean for advisers and their clients.

Barclays wealth arm is in talks with the regulator about charging asset managers administration fees when their funds are recommended for private client portfolios.

Venture capital trusts (VCTs) and enterprise investment schemes (EISs) are to fall under the Financial Services Authority's (FSA's) upcoming guidance on unregulated collective investments schemes (UCIS).

Sun Life Assurance Company of Canada (UK) Limited (SLOC UK) has been fined £600,000 by the Financial Services Authority (FSA) for failings in the governance of its with-profits business.

The Serious Fraud Office (SFO) has been forced to drop its investigation into property tycoon Robert Tchenguiz and his role in the collapse of Icelandic bank Kaupthing due to insufficient evidence.