Regulation

Fidelity is to cut the annual management charge on its range of 15 multi-asset funds for advisers investing through its FundsNetwork platform, after the Financial Conduct Authority banned a cross-subsidy deal.

The Financial Services Compensation Scheme (FSCS) has confirmed it is reviewing evidence in the case against IFA Rockingham Independent Limited, after it has received new evidence from claimants in support of their case.

Four people have been arrested this morning following house searches carried out by the Financial Conduct Authority (FCA) and Metropolitan Police in west London.

The Financial Conduct Authority (FCA) will resume its prohibition case against a proprietary trader following a court's decision to grant the regulator's appeal.

The Financial Conduct Authority (FCA) is taking action against at least 16 firms or individuals who it believes are running or promoting investments illegally as collective investment schemes (CISs).

Shareholders in Royal Bank of Scotland (RBS) who are suing the bank over a £12bn rights issue made months before its near-collapse will have their first day in court tomorrow.

Barclays will be among a number of major banks this week to set aside further money to compensate customers mis-sold payment protection insurance (PPI) and interest rate swaps, according to reports.

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Harlequin, the property investment group engaged in the development of luxury overseas resorts, has won a court case against a former contractor it said had misappropriated money meant for property development.

Three more banks are being investigated by the Financial Conduct Authority (FCA) over money laundering, it has revealed.