Wealth managers

The Financial Conduct Authority (FCA) has said it will look to take even earlier pre-emptive action against what it believes is bad practice in a bid to counter accusations from the industry that it unfairly employs retrospective regulation.

The Financial Conduct Authority (FCA) has set out its final definitions of regulated advice and personal recommendations in retail investment, in a move it hopes will help firms develop 'low cost' distribution models with confidence.

Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison have said they are "disappointed" with an Upper Tribunal decision to uphold a regulatory ban and fine against them, but felt "vindicated" by parts...

Advisers are being exposed to accusations of negligent advice by the regulator because comparing charges for the most common outsourced investment options - multi-manager (MM) and discretionary fund managers (DFMs) - is "impossible", according to a new...

The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).

Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.

A very MiFID Christmas

Three IFAs are taking their case to the Court of Appeal in a bid to overturn a High Court ruling backing a Financial Ombudsman (FOS) decision that they should pay clients compensation for advice to invest in failed firm Keydata.

The Financial Conduct Authority (FCA) has cancelled an advice firm's permissions after it failed to submit regulatory returns.

HMRC investigations have yielded a record £136m in extra capital gains tax (CGT) collected from individuals and small businesses in the last year, according to an accountancy firm.