Wealth managers

Fidelity FundsNetwork has warned the true cost of implementing the 2016 legacy rebate ban could be far higher than the regulator's predictions because of rules on contacting ‘dormant' clients.

Fidelity FundsNetwork has confirmed it is reviewing its charging structure for investors in its Navigator range who buy the funds via its own platform.

Skandia has expressed fresh doubts about negotiating preferential share classes with fund managers, instead focusing on launching unbundled share classes that will continue to pay rebates.

George Osborne has said the Bank of England's new Financial Policy Committee must provide "consistent messages" so it does not risk jeopardising the economic recovery.

The Financial Conduct Authority (FCA) has charged two men with promoting and marketing an unauthorised investment scheme.

THE BIG INTERVIEW

BlackRock has joined a growing list of fund groups to reject calls for a ‘super clean' share class, instead favouring a single stripped-down class to avoid adviser confusion.

Former England batsman Paul Collingwood is suing Sigma Wealth Management, accusing the company of losing over £300,000 through risky investments.

The chief executive of Lloyds Banking Group has opened the door to a return to the dividend list as he prepares to reveal the bank's net lending to UK businesses has increased for the first time since the global credit crisis.

The Financial Conduct Authority's decision to ban rebates on legacy business from April 2016 is set to be a painful one for the industry, according to Cofunds.