Regulation

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.

HSBC faces investigations by national authorities around the world over its role in helping more than 100,000 wealthy individuals avoid paying tax.

An IFA and the directors of banking giants Goldman Sachs and Lloyds will head up the panels that raise the industry's voice on policy making to the ear of the regulator.

The Financial Services Compensation Scheme (FSCS) has appointed eight law firms to form a new in-house panel, which it expects to manage the majority of its legal advice and representation.

The unavoidable challenges facing simplified advice

An adviser has finally secured the return of £190,000 to his clients after a two year battle over unsuitable advice with one of the world's largest IFAs.

Two rogue traders were found guilty and have been sentenced to a combined nine years in prison for defrauding investors and operating a collective investment scheme without authorisation.

The London office of one of Europe's biggest banks is being investigated by regulators because of serious concerns over the way it is run.