Wealth managers

Stewart Ford is seeking £650m in damages from the financial regulator and auditor PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

The Financial Conduct Authority (FCA) is seeking to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.

The Wealth Management Association (WMA) has attacked the "failure" of the RDR to clearly define 'independent' advisers and suggested MiFID II's description would be a better suggestion.

The first criminal trial over LIBOR rigging begins in London today as Tom Hayes, former trader at UBS and Citigroup, appears in court charged with eight counts of conspiring to manipulate the lending rate.

The Financial Conduct Authority (FCA) has laid the groundwork for firms to come to market with ‘robo-advice' models, its director of strategy and competition Chris Woolard has suggested.

The Financial Conduct Authority (FCA) has fined Barclays a record £284m for 'unacceptable practices' relating to forex trading, as five other global banks are also hit with heavy penalties.

The Financial Conduct Authority (FCA) has banned and fined a financial adviser for making unsuitable recommendations of high-risk and often unregulated investments.

Hargreaves Lansdown unveiled plans for a new non-advised service in its latest trading update, but its shares fell as it revealed rising costs including an FSCS levy of £4.6m

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

The European Securities and Markets Authority (ESMA) has delayed its review of standards for MiFID II until September, cutting the amount of time the industry will have to assess proposals ahead of implementation.