regulation

Firms need to be clearer on in-house products

'Charges debate is about value as well as clarity'

Banking regulators in Jersey have warned consumers and investors not to deal with a bank claiming to operate in the Channel Islands.

Investment managers have made little change to how they purchase research using dealing commission despite a Financial Conduct Authority crackdown earlier this year.

Complaints to the Financial Ombudsman Service (FOS) about annuities and income drawdown products have accelerated since the March Budget, new figures have shown.

Regulation

The Financial Conduct Authority has created a dedicated fund supervision unit to regulate and monitor individual retail funds for the first time, in a bid to better safeguard investors and consumers.

Investors in all parts of the UK will face increased costs if Scotland votes for independence, Hargreaves Lansdown has warned.

The Financial Conduct Authority's (FCA) directors racked up expense claims between April last year and this March of £61,887, mainly to cover the cost of foreign travel for the chairman, chief executive and supervision director.

The Financial Conduct Authority has fined Deutsche Bank £4.7m for incorrectly reporting financial transactions for six years between November 2007 and April 2013.