Wealth managers

The former chief executive of collapsed brokerage firm MF Global has been charged with misappropriating about £1bn of client money.

Britain's top bank regulator has called for 'ground rules' on lobbying to prevent it destabilising the financial system.

Henderson has delayed commission payments to over 7,000 advisers for three weeks due to additional checks needed following the RDR.

The Investment Management Association (IMA) is canvassing fund groups on how to counter the "very significant erosion of trust in financial services" amongst consumers, and has proposed introducing a 'statement of principles' for members.

The Financial Conduct Authority (FCA)'s consumer panel has today warned that confusion over the purpose of the key information document (KID) could lead to its early demise.

REGULATION

Former Chancellor Alistair Darling, who oversaw the bail-out of RBS and Lloyds in 2008, has urged the government to avoid a rapid disposal of taxpayers' stakes in the banking giants.

While asset managers have enjoyed 12 months of healthy bottom line growth, some of the UK's highest profile wealth managers appear to be at a different stage of the cycle.

UK banks need to raise billions more in capital to cover their risks, the regulator has said.

The Financial Conduct Authority (FCA) has issued its largest ever fine on a retail sole trader - nearly £1m - for sale and rent back failings.