Wealth managers

Offshore tax havens Guernsey, Jersey and the Isle of Man are working towards an agreement with the US government on FATCA, the incoming regime to prevent tax evasion.

FUNDS ARE NOT SHADOW BANKS

The banning of marketing "packages" between providers and advisory groups would bankrupt most networks and support service providers, Threesixty managing director Phil Young said.

The Financial Services Authority (FSA) is planning to force fund groups to improve risk warnings on absolute return funds next year after warning consumers are in danger of being misled.

The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers in exchange for recommending their services.

RBS has suspended a trader for trying to rig the Singapore dollar swap offer rate, according to reports, in the latest case of interest rate benchmark manipulation.

Barclays has restructured its investment banking arm in an effort to cut costs and limit further reputational damage following the LIBOR scandal.

UCIS provider Connaught Asset Management is to reimburse investors in its Income Series 2 this week.

The Financial Services Authority (FSA) has unveiled plans to tighten UK listing rules to prevent a small number of dominant shareholders having too much control over a listed company.

The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have aroused its suspicions....