Wealth managers

The US Securities and Exchange Commission (SEC) has put in place new stock trading restrictions to prevent a repeat of the Dow's dramatic plunge earlier this month.

The FSA is taking a hardline approach after finding weaknesses in five banks' handling of customer complaints.

Fidelity UK managing director Gary Shaughnessy has urged the industry to focus on the implementation phase of the RDR to ensure costs are kept down and advisers emerge better equipped to deal with the UK's savings gap.

Schroders is eyeing the addition of enhanced index-based products to its retail range in preparation for an expected increase in passive fund use post-RDR.

Welcome to Investment Week's quick-fire guide to yesterday's RDR developments.

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

FSA chief executive Hector Sants will step down in the summer after three years in the role.

Standard Life has been fined £2.45m by the FSA for serious failures relating to its Pension Sterling fund.

The AIFM directive was drafted by the EU in response to what it saw as an absence of common regulatory standards for non-Ucits investment vehicles and there are six key issues that specifically affect the UK-listed closed-ended fund sector.

The FSA has fined and banned a former UBS employee for helping cover-up unauthorised trading losses.