Regulation

A draft copy of the European MiFiD financial services reforms has singled out independent firms for the ban on commission, but stops short of confirming the rules will also apply to other advisers.

A man has admitted embezzling a lump sum of £20,000 from his employers Standard Life to cover his own debts.

A ‘Robin Hood' tax on financial transactions will hit pensions and UCITS funds hard, the Investment Management Association (IMA) warns.

Questions around the actual size of any target market and the problem of charging fees could hamper the success of simplified advice, according to Zurich UK Life's Matthew Connell.

The Financial Services Authority (FSA) has formally accredited six professional bodies, meaning they can begin issuing Statements of Professional Standing (SPS), a mandatory form of practicing certificate for advisers.

The Financial Services Authority (FSA) is losing an increasing number of employees as the City regulator moves closer to being broken up.

The FSA today said it "welcomed" the government's intention to give regulators new powers to publicise when a warning notice has been issued against a firm, but claimed they do not go far enough.

Deputy Prime Minister Nick Clegg has defended his party's support for the coalition's spending cuts and pledged to create a "firewall" to protect retail banking customers from speculative investments.

The Financial Services Authority (FSA) has fined an independent financial adviser £16,000 after his firm gave unsuitable advice on unregulated collective investment schemes (UCIS) and flouted rules related to who the schemes can be promoted to.

The Financial Services Authority has warned investors against dealing with a firm which is cold calling consumers claiming to be Savoy Investment Management and using the names of real members of staff.