Regulation

The Financial Conduct Authority (FCA) has ruled out conducting a study into competition in the retail platforms market - despite industry concerns - but is planning closer scrutiny of fund groups.

The Financial Conduct Authority (FCA) is to launch its first review of competition within investment banking, with a view to conduct a similar market study into asset management later in the year.

The Financial Conduct Authority (FCA) has said fund groups must do more to ensure they control the risk of market abuse, following a thematic review into the issue.

The Financial Services Compensation Scheme (FSCS) is to compensate self-invested personal pension (SIPP) claimants for losses in the value of their investments in three schemes, including Harlequin Hotels and Resorts.

Total Keydata recoveries have reached £122m, according to the latest figures from the Financial Services Compensation Scheme (FSCS).

A report by think-tank New Financial has suggested fund manager pay may overtake that of investment bankers by 2016, following a sharp rise since the financial crisis.

Advisers and paraplanners should avoid using suitability reports pre-filled with templated objectives, Financial Conduct Authority (FCA) technical specialist Rory Percival has said.

The Investment Association (IA) has proposed a new method of presenting portfolio turnover rates, and called for transaction fees to be separated from fixed costs, as part of a push for more comprehensive fund fee disclosure.

The Financial Conduct Authority (FCA) was "not aware" of allegations HSBC helped wealthy clients evade millions in tax until they appeared in the media, chief executive Martin Wheatley has told MPs.

A presentation given by an IFA at a ‘money club' is set to cost the firm £45,000 in compensation after the Financial Ombudsman Service (FOS) ruled its slide show strayed into advice.