Wealth managers

After the forex fine

The Financial Conduct Authority (FCA) is reluctant to provide further guidance on key advisory issues on which it has already offered direction, suggesting it would not be helpful.

Financial Conduct Authority (FCA) technical specialist Rory Percival has said too many regulatory requirements concerning what charges need to be disclosed on investment and savings products make it difficult for advisers to compare costs.

Regulators have fined the Royal Bank of Scotland (RBS), NatWest and Ulster Bank £56m for IT failures which meant customers could not access banking services.

Kames Capital chief executive Martin Davis has hit out at a recent Consumer Panel report that was highly critical of the structure of fund charges as "over-simplistic" and another "rant".

Financial Conduct Authority (FCA) chairman John Griffith-Jones said he is glad the Retail Distribution Review (RDR) did not take longer than expected, adding it achieved its aims despite failing to distinguish between guidance and advice.

The Financial Services Compensation Scheme (FSCS) expects to pay out £60m in claims against failed ARM bonds distributor Catalyst Investment Group this year.

The Financial Conduct Authority (FCA) has fined Chase de Vere Independent Financial Advisers £560,000 for failures surrounding the sale of Keydata products.

Killjoy? Why the FCA’s inducement crackdown is going too far

The Financial Conduct Authority (FCA) was born in the aftermath of a crisis, so that is all it knows, but it has laid the groundwork for making markets work well again, its chairman John Griffith-Jones is expected to say in a speech on Thursday.