Regulation

The chairman of UK Financial Investments, the body responsible for the government's stake in Royal Bank of Scotland (RBS) and Lloyds Banking Group, has warned that RBS could face further fines from regulators over sales linked to the US sub-prime mortgage...

Hargreaves Lansdown will not be carrying out bulk switches of client money from bundled to clean or super clean share classes, Investment Week can reveal.

The Ministry of Justice (MoJ) will be given the power to fine claims firms which use information gathered by unsolicited calls and texts or who provide poor quality services.

Personal Touch Financial Services has said it plans to subsidise member firms' regulatory fees for 2014.

Staff have been quitting the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) at nearly twice the rate seen prior to the move to split the regulator into two bodies, according to reports.

The Financial Conduct Authority (FCA) is likely to be more ‘intrusive' than its predecessor on the policing of firms' financial promotions and has so far intervened more than 200 times on the issue, according to a consultancy.

MPs are calling for further pressure to be placed on pension fund managers to reveal the full extent of their charges on investors.

More than 6.3m people contacted the Money Advice Service (MAS) between April and September, suggesting demand among the public for generic financial advice.

QUICK QUIZ

It is unlikely clients would understand the label 'restricted whole of market' so advisers should avoid the term, Rory Percival has said.