FSA

Rathbones saw an increase in assets under management to £15bn in the year to December 2010, but profits were hit by a £3.6m FSCS levy.

Last week's FSA fine against Barclays for poor complaints handling comes very soon after its warnings about absolute return funds and the discussion paper on risk profiling tools.

The FSA has fined a former research analyst £50,000 for making misleading and inaccurate disclosures to clients through Bloomberg instant messenger.

Three leading providers of unregulated collective investment schemes (UCIS) and a major IFA service provider firm are set to host a series of educational seminars for advisers later this month.

The FSA says adviser firms' over-reliance on risk profiling and asset allocation tools could be seriously detrimental to customers and warns it will take tough action on companies failing in this area.

The Treasury and the FSA are proposing to extend the regulator's powers to discipline firms who flout EU regulations or decisions made under UCITS IV.

Six months into a new administration, the coalition has begun to tackle the thorny issue of university fees and launched a welcome consultation on compulsory annuitisation, but it has so far shown no appetite to tackle the most fundamental issue facing...

Lifemark investors never had a chance of getting their money back on time, a leading actuary involved in the fund's restructuring says.

PLATFORMS

The FSA may keep the outcome of investigations into HBOS and Bradford & Bingley secret unless it finds wrongdoing.