The Financial Services Authority (FSA) has told banks the new regulatory system will push them to weed out potentially harmful products and demand they pay particular attention to treating customers fairly.

Funds under management at wealth manager St James's Place have hit a record £31bn.

GOOD NEWS?

The Bank of England (BoE) should have "shouted from the rooftops" about flaws in the system which could have prevented the banking crisis, governor Sir Mervyn King has said.

Wealth manager and pensions consultancy Mattioli Woods is preparing for the launch of a discretionary portfolio management service after securing investment permissions from the FSA.

James Hay Partnership is rolling out a reduced charging structure on its wrap for new and existing customers.

The Financial Services Authority (FSA) has fined Christchurch Investment Management, a small firm specialising in financial planning and portfolio management, £26,600 and its compliance officer £11,550 for failings in relation to the protection of client...

Lloyds Banking Group has set aside an extra £375m to cater for an influx of compensation claims related to the mis-selling of payment protection insurance (PPI).

The vast majority of advisers who risk-rated the Arch Cru funds ranked them as either low, low-to-medium or medium risk investments, FSA figures suggest.

Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.