Wealth managers

Morrisons' former group treasurer has been sentenced to twelve months in prison after being convicted of two counts of insider trading.

Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.

Financial services has witnessed a number of famous apologies over the years linked to fraud, rogue trading, and even train fare dodging. Investment Week remembers the most notable, and the ones which never were.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.

Aviva head of platform Tim Orton says a D2C self-service proposition is "still on the cards" for the firm but ongoing regulatory guidance is delaying advisers' potential use of the offering.

The Financial Conduct Authority (FCA) has said European dealing commission reforms will benefit fixed income funds, but market participants remain uncertain of the impact of the changes.

The Financial Conduct Authority has ruled out conducting a study into competition in the platform market - despite industry concerns - but is planning closer scrutiny of fund groups.

The FCA has published a feedback statement on dealing commissions, saying it strongly supports ESMA's recommendations and wants to implement its own rules alongside MiFID II.

The Financial Conduct Authority (FCA) is to launch its first review of competition within investment banking, with a view to conduct a similar market study into asset management later in the year.

Total Keydata recoveries have reached £122m, according to the latest figures from the Financial Services Compensation Scheme (FSCS).