Wealth managers

Chancellor George Osborne has written to the chairman of the Financial Conduct Authority (FCA) criticising the regulator for its "damaging" behaviour in releasing details of its investigation in to insurance policies before a formal announcement.

The Financial Conduct Authority has proposed a sizeable hike in annual funding requirements for asset managers in 2014/15 due to the cost of AIFMD implementation.

The Financial Conduct Authority (FCA) is to review the suitability of investment advice as part of its 2014-2015 supervisory work.

The Financial Conduct Authority (FCA) has increased its annual funding requirement (AFR) - the amount it levies fee payers - for 2014-2015.

Martin Wheatley, the chief executive of the Financial Conduct Authority (FCA), is facing calls for his resignation after the regulator made an "extraordinary blunder" that hit insurers' share prices, according to reports.

The Investment Management Association (IMA) plans to complete work to improve charges disclosure and introduce an effective statement of principles by the end of the year, the organisation's chief executive has said.

CLOSED LIFE PROBE

Shares in Resolution and peers tumbled today following reports the FCA is to probe 30 million legacy insurance policies.

The Financial Conduct Authority is to launch an investigation in to 30 million insurance policies sold across three decades, looking for signs they were "unfair" to customers, according to reports.

The Financial Services Compensation Scheme (FSCS) has made top-up payments to Keydata investors after it recovered money from the underlying bond Lifemark's trustees.