Wealth managers

The chief executive of the incoming Financial Conduct Authority (FCA) has said the body will be "much broader" in its approach to identifying mis-selling and other problems - including monitoring Twitter.

Care Asset Management has been fined £56,000 by the Financial Services Authority (FSA) for breaching customer trust over Keydata.

Prudential has been fined £30m by the City watchdog while its chief executive Tidjane Thiam has been officially censured, following the failed AIA deal in 2010.

One in ten advisers are now restricted compared with one in 30 in Q4 2012, and this will increase to one in six by the end of the year, research predicts.

The Financial Services Authority (FSA) is planning to up its focus on advisers and wealth managers placing large amounts of client money in a single fund, amid fears some firms are not carrying out sufficient due diligence.

The incoming Financial Conduct Authority (FCA) may change rules introduced following the Retail Distribution Review (RDR) sooner than planned if it identifies widespread non-compliance or any harmful unintended consequences.

The Financial Services Authority (FSA) has confirmed its approach to temporary product intervention.

The new-look regulator is to carry out a review of the 'increasingly complex' charges on UK funds as it is concerned they may be harmful to consumers.

European politicians have voted to reform the bonus structure of fund managers, a move which puts the UK at a "competitive disadvantage" and could damage shareholder value, according to PwC.

Brewin Dolphin has appointed Simon Miller to the role of non-executive chairman and David Nicol as chief executive officer in a board reshuffle.