Wealth managers

GOSLING'S GROUSE

HM Revenue & Customs (HMRC) successfully prosecuted more than 600 people for tax evasion in 2012-13, more than double the amount in the previous 12 months and well ahead of its target for the year, figures show.

The National Audit Office (NAO) has launched an investigation into the new financial services regulatory structure that came into effect this year.

Four individuals have been arrested following house searches carried out by the Financial Conduct Authority (FCA) and Metropolitan Police in West London.

John Porteous, head of wealth management at RSM Tenon, has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.

The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals it believes are running or promoting investments illegally as collective investment schemes (CIS).

The Chartered Insurance Institute (CII) has launched a new qualification for staff overseeing investment operations functions.

Newton Investment Management CEO Helena Morrissey has lambasted the European Union for being a "model of the past" and said Britain can still thrive ouside the flawed organisation.

Nearly a third of advisory firms have lost clients as a result of the Retail Distribution Review (RDR), according to research from GfK.

Three more banks are being investigated by the Financial Conduct Authority (FCA) over money laundering, the regulator has revealed.