Wealth managers

The International Monetary Fund (IMF) has said large funds are not the sole contributors to systemic risk issues and has called for asset managers to be subject to stress tests.

Non-domiciled residents' contributions to the UK Exchequer have been defended after Labour leader Ed Miliband confirmed his party would abolish the 'non-dom' tax status if it came to power following next month's general election.

An ex-Legal & General (L&G) adviser has been jailed for five years after stealing close to half a million pounds from a vulnerable elderly couple.

Latest complaints data published by the regulator has revealed a record number of second half complaints over investment products, driven by a rise in reports focusing on unit trusts and OEICs.

Tough competition

Leading investment firms have told US regulators that the departure of Bill Gross from PIMCO was a "stress test" that the industry has passed.

The Treasury Select Committee (TSC) has said the Financial Conduct Authority (FCA) must do more to show it has learned the lessons of its bungled leak of plans to review the life insurance sector.

The Financial Conduct Authority (FCA) is proposing to raise £74.9m from financial advisers for the coming year, representing an upswing of 10.2%.

The Financial Conduct Authority (FCA) is seeking feedback on a possible ban on rebates from discretionary fund managers to clients as it develops its response to forthcoming MiFID II legislation.

The Financial Conduct Authority (FCA) has made it a requirement for firms to rank their annuity products against their peers and simplify the information they give to consumers in the form of wake-up packs.