The ABI will create a new investment sector called Deposit & Treasury, which will carry stricter limits than the existing money market category.
Following the recent failures of the banking system, the Walker Review rightly recommends greater transparency and engagement
The Financial Ombudsman (FOS) has agreed to defer by three months its decisions on complaints relating to Lehman Brothers-backed structured products.
Over the last few weeks, I have had a number of conversations with innovative fund providers about everything from a new managed commodities fund run by a boutique, through to a macro asset allocation fund launched by a large investment bank.
The announcement by the Conservatives they would put regulation of the banks back in the hands of Bank of England if they win the next election was greeted with general approval by most who commented.
I am not going to bore you with my applause for the FSA's recent RDR proposals - anything that moves us away from the current system is going to get my vote, especially if it forces investors to ditch their myopia on commission-based fees and ‘encourages'...
Twelve leading fund groups are working together to support the launch of a multi-manager fund which allows investors to donate a proportion of the annual management charge to The Prince's Trust.
The Treasury today proposes reforming the way the Financial Services Compensation Scheme (FSCS) is funded and announces a wide-ranging review of the role of the Financial Ombudsman Service (FOS) in a white paper suggesting a raft of dramatic changes to...
The key soundbite from last week's Retail Distribution Review that caught the eye of many parts of the media and industry commentators was the supposed ‘outlawing' of commission under the new agreement.
As 2009 dawned, many expected swift and decisive changes to the regulation of the banking system.