Wealth managers

European regulators are to pull back from proposals which seek to end fund managers' use of dealing commissions to pay for research, according to reports.

The Financial Conduct Authority (FCA) has fined five banks a total of £1.1bn following its investigation into alleged foreign exchange market manipulation.

Mario Mantrisi, chief strategy and research officer at data management group KNEIP, explains how MiFID II could eventually price advisers out of the market, while investors could end up paying more for managers with sophisticated research capabilities....

Investment Week sister title Professional Adviser has obtained the latest list of advice firms being pursued as lead defendants by the Financial Services Compensation Scheme (FSCS) in relation to Keydata sales.

A further 12 advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

All seven product providers featured on Sesame's restricted advice panel have denied breaching the regulator's rules on inducements, after the network was fined £1.6m for selling spots to the highest bidders.

The Financial Conduct Authority (FCA) has extended to January its support for a 'negotiated settlement' for investors in the failed Connaught Series 1 fund.

Three former senior executives of a high street insurer have been banned and fined a total of almost £1m for their role in an aggressive sales culture which led to the mis-selling of insurance add-ons to consumers.

CoCos off the menu

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that undermined RDR rules.