Wealth managers

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

The Financial Conduct Authority (FCA) is to review how and how much it fines businesses amid complaints from banks about the rise of high penalties.

FCA executive and director of supervision Clive Adamson is to leave the organisation within months, according to reports.

Regulatory enforcement should go hand in hand with firms' recognition that wrongdoing is a 'moral issue' Financial Conduct Authority (FCA) enforcement director Tracey McDermott has said.

The Financial Services Compensation Scheme (FSCS) has recovered £100m from the estate of failed traded life settlement firm Keydata, and the advisers who mis-sold it, and will rebate half the sum to fund management levy payers.

The Financial Services Consumer Panel (FSCP) is calling on the regulator to implement "radical, structural reform" of how fund charges are disclosed to investors. But not all are in agreement. Industry figures reveal their view.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and has announced tougher standards on the bodies tasked with delivering guidance to the public.

The government's Equitable Life Payments Scheme (ELPS) has now issued over £990.5m worth of payments.

The number of financial advisers has risen slightly since the implementation of the Retail Distribution Review (RDR), although there has been a dip this year, according to new FCA figures.

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.