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Regulation

Regulation

FSCS postpones £30m interim levy on investment advisers

The Financial Services Compensation Scheme (FSCS) has said it no longer expects to raise an interim levy on investment advisers for the 2013/14 period.

clock 27 February 2014 •

Regulation

Red flag: Advisers on handling influx of 'extraordinary' UCIS offers

When should advisers report unregulated investments to the FCA?

clock 27 February 2014 •

Regulation

Standard Life could exit Scotland over independence

Standard Life has put contingency plans in place to relocate its operations should Scotland vote for independence.

clock 27 February 2014 •

Regulation

FCA fines forex business £4m for making 'unfair profits'

The Financial Conduct Authority (FCA) has fined Forex Capital Markets and FXCM Securities (FXCM UK) £4m for allowing the US-based FXCM Group to withhold profits worth £6m that should have been passed on to the UK business' clients.

clock 26 February 2014 •

Charging

Europe agrees deal on fund manager bonuses

EU policymakers have agreed a deal on pay in the asset management industry which includes a requirement that fund managers be paid half of any bonuses in units of their own funds.

clock 26 February 2014 •

Regulation

Credit Suisse 'helped' US tax evaders, claims report

Banking giant Credit Suisse "helped" thousands of its US customers avoid tax by opening Swiss accounts on their behalf, a report has claimed.

clock 26 February 2014 •

Investment

Video: IMA chief contests fund pricing assumptions

Investment Management Association (IMA) chief executive Daniel Godfrey says we should "interrogate quite hard" the assertion that the price of fund management has dropped elsewhere in the world, but not in the UK.

clock 25 February 2014 •

Regulation

FOS complaints 'splitting' may harm advisers - law firm

Lawyers are warning that advisers will suffer from the Financial Ombudsman Service (FOS) practice of increasingly splitting complaints to achieve maximum rewards for consumers.

clock 25 February 2014 •

Economics / Markets

Scottish groups step up contingency plans ahead of independence vote

Scotland's £800bn fund management industry has begun to step up contingency plans in the event the country's populace votes for independence this September.

clock 24 February 2014 •

Regulation

FSCS chief defends £3.6m marketing campaign

The chief executive of the Financial Services Compensation Scheme (FSCS) Mark Neale has defended his organisation's multi-million pound spend on marketing, saying it will help protect the industry from detrimental consumer behaviour.

clock 21 February 2014 •
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