Wealth managers

The British Bankers' Association (BBA) could be stripped of its role in setting the LIBOR interbank lending rate following the fixing scandal which saw Bob Diamond step down as the CEO of Barclays.

Asset management firms outsourcing parts of their investment process may be abdicating their responsibility to the consumer, according to the FSA.

The FSA has told asset managers their own profits must not come as a result of poor treatment of consumers.

The popularity of risk-rated funds has surged as RDR approaches and investors search for greater certainty in tough markets, but research has revealed vehicles sitting within the same risk grade can perform very differently.

Some businesses will not be allocated a dedicated superviser from next year as the regulator - the Financial Conduct Authority (FCA) - looks to adopt a "proactive" rather than "reactive" approach.

Vince Cable has launched another broadside against banks, branding them as ‘anti-business' and slamming them for their "greed and stupidity".

The Financial Services Authority (FSA) has charged a trader with seven offences, including fraud and forgery, relating to an unauthorised investment scheme he operated.

The Financial Services Authority (FSA) and Treasury "seem to be in denial of the pending shambles' caused by the Retail Distribution Review (RDR), Lord Flight has argued.

Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-RDR.

A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.