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The Financial Services Authority's (FSA) proposal to ban the promotion of unregulated collective investment schemes (UCIS) to retail investors is the one move it has made which is likely to actually save people money, according to wealth manager Courtiers....

A barrister convicted of tax fraud for failing to pay more than £600,000 in VAT was sentenced to three and a half years in prison today.

The Personal Finance Society (PFS) has announced that Scott Goodsir, managing director and head of wholesale for BNY Mellon Asset Management, has been appointed as an adviser to its board.

Rayner Spencer Mills, fund rating and independent research company, has extended its range of specialist services with the launch of a new in-depth fund profile service.

BUGBEARS

An IFA has claimed a number of providers have agreed to pay him compensation following a raft of "significant" delays and mistakes he believes have been caused by their failure to be ready for a post-Retail Distribution Review (RDR) world.

National IFA and consolidator Bellpenny has agreed a deal to use Capita Financial Software's research and risk profiling tool Synaptic Fusion.

The Serious Fraud Office (SFO) has been called in to investigate Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), according to reports.

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