Wealth managers

BIG INTERVIEW

As the deadline to RDR draws ever closer, Legal & General Investments managing director Simon Ellis talks to Kyle Caldwell about plans to expand the group's multi-asset suite and the inevitable rise of outsourcing.

Kyle Caldwell talks to Ian Sayers, the director general of the Association of Investment Companies, about how closed-ended vehicles can fight their way into clients' portfolios after 2012.

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

Anti-capitalist protesters occupied stock exchanges around the world over the weekend, with sit-ins continuing today as organisers claimed 950 protests have been held in over 80 countries.

TIME TO STEP UP

Adair Turner has spent more than £66,000 in the past 15 months flying around the world as FSA chairman - largely because he never flys any lower than business class.

Lawyers acting for the FSCS have sent IFAs who recommended their clients invest in Keydata - and who the FSCS has now paid compensation - letters of claim saying the scheme will pursue the firms for recovery of the money.

The Financial Services Authority (FSA) has said it is possible no-one is responsible for Arch cru investors' losses.

Standard and Poor's (S&P) has received notice from the Securities and Exchange Commission (SEC) recommending a lawsuit be brought against it over a mortgage-backed security it rated in 2007.