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Regulation

Regulation

FCA promotes former IFA David Geale to policy director

The Financial Conduct Authority (FCA) has promoted its former head of savings, investments and distribution policy, David Geale, to director of policy.

clock 30 July 2014 •

Regulation

Regulators take aim at bankers' bonuses with clawback powers

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have proposed new rules that would seek to change how bankers behave and are paid.

clock 30 July 2014 •

Investment Trusts

Invesco Property Income trust investors face 100% loss

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

clock 30 July 2014 •

Regulation

Barclays profits fall 7% as bank faces £900m PPI hit

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

clock 30 July 2014 •

Regulation

First major Keydata lawsuit filed against US brokerage

The first significant lawsuit from the Keydata scandal has been issued against US-based brokerage CRT Capital, according to the Financial Times.

clock 30 July 2014 •

Managed solutions

DFMs under pressure over portfolio charges as FCA mulls review

Discretionary fund managers (DFMs) are facing growing pressures to standardise managed portfolio fees as the Financial Conduct Authority (FCA) considers warning advisers against using any service where costs are not clear.

clock 29 July 2014 •

Managed solutions

Run the money or outsource? Book your spot at the first ever FE Investment Summit

With the FCA's multiple spotlights converging on investment suitability, advisers are being invited to have their questions answered...

clock 28 July 2014 •

Regulation

Regulators hit Lloyds group with £218m fine for fees and rates manipulation

Lloyds Banking Group has been fined a total of £218m by UK and US authorities for a series of failings, including manipulating fees it owed to the Bank of England (BoE) for a taxpayer-backed scheme designed to support the UK's banks during the financial...

clock 28 July 2014 •

Fixed Income

FCA warns over corporate bond fund risks

The Financial Conduct Authority (FCA) has issued a fresh warning to consumers about the risks of investing in corporate bond funds.

clock 25 July 2014 •

Regulation

Lawyer declares Berkeley Burke ruling a 'game changer' for SIPP providers

Self-invested personal pension (SIPP) providers "must feel very nervous" today, according to a law firm, after the Financial Ombudsman Service (FOS) made a "game changer" of a decision against Berkeley Burke SIPP Administration.

clock 25 July 2014 •
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