Regulation

Solicitor John Fitzpatrick has been sentenced at Sheffield Crown Court to six years' imprisonment for his part in two 'quite spectacular mortgage frauds'.

PA Portfolio takes a look at investing in asset management houses

The skill of active fund managers "adds real value" to investors, but the market may need to improve at identifying that skill quicker, according to Investment Management Association (IMA) chief executive Daniel Godfrey.

The Financial Conduct Authority (FCA) has banned a former adviser to SLS Capital - the company whose bonds underpinned the failed Keydata investments - for giving the misleading impression that the SLS bonds were soundly backed assets.

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.

Insurer and asset manager Standard Life reported a 13% dip in group pre-tax operating profits for 2013 despite strong inflows.

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

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.

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.

Financial advisers operating in Europe are less strictly regulated than their UK counterparts yet consumers are still afforded the same degree of protection, according to Zurich Life government affairs principal Matt Connell.