Wealth managers
Wealth managers
The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.
26 March 2012
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Wealth managers
The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.
08 March 2012
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Wealth managers
The FSA has finalised its guidance on when firms can (and can not) receive commission post-Retail Distribution Review (RDR).
27 February 2012
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Economics
The FSA has issued updated guidance on firms' use of distributor-influenced funds (DIFs).
27 February 2012
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Investment
Guinness Asset Management has launched a new share class across its fund range, becoming the latest firm to gear up for RDR with the launch of a ‘clean fee' structure.
20 February 2012
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Economics
The US Treasury today issued updated proposals designed to fight offshore tax evasion.
08 February 2012
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UK
The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.
03 February 2012
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Wealth managers
The FSA has fined Ravi Shankar Sinha, the former CEO of JC Flowers & Co UK, £2.867m for fraudulently obtaining £1.367m for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme.
31 January 2012
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