Wealth managers

The Financial Conduct Authority (FCA) is to ban cash rebates paid to consumers from platforms from April next year.

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-RDR.

Assets under management at wealth manager St James's Place were up £4.2bn to a record £39bn, according to the group's interim results.

The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

The Financial Conduct Authority (FCA) has intervened in a test case in which the Royal Bank of Scotland (RBS) is accused of mis-selling interest rate swaps.

Investment intermediaries must stump up an extra £2m towards the Financial Services Compensation Scheme (FSCS) levy for 2013/14, taking their annual levy contribution to £78m.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has branded the previous watchdog - the Financial Services Authority (FSA) - "too robotic" in its approach to regulation.

The Financial Ombudsman Service (FOS) has ruled in favour of five clients who invested almost £2.6m via their IFA 20Twenty Independent in a film scheme.

Chief executive of the Prudential Regulation Authority (PRA), Andrew Bailey, has said it is "more than odd" that the top bosses in control of failed banks have avoided formal charges.

Barclays has been named as the Financial Conduct Authority's (FCA) most complained about firm for the second half of last year.