Regulation

A rule change in complex new US tax legislation could see IFAs faced with a bill of up to £100 per client, according to PwC.

Sanlam Investments and Pensions, part of the Sanlam UK, has launched a range of risk rated socially responsible investment portfolios (SRIs).

The Financial Services Authority (FSA) has proposed to ban the promotion of unregulated collective investment schemes (UCIS) to the vast majority of retail investors.

Plans to allow the new financial regulator to publish warning notices about enforcement action have been branded as "unjust and dangerous" by a Conservative peer.

US Federal authorities are reportedly investigating RBS over possible dealings with Iran, the latest case of a UK bank coming under scrutiny from US regulators.

The Institute of Directors (IoD) has called on George Osborne to do more to cut taxes, reduce red tape and invest in new infrastructure in order to boost economic growth.

A Conservative Peer has criticised fellow politicians for failing to question the Retail Distribution Review (RDR) commission ban and warned of the unintended consequences.

The Financial Services Compensation Scheme (FSCS) has declared 21 investments firms in default, including a number of independent financial advisers and mortgage brokers.

Former Polly Peck International (PPI) owner Asil Nadir has been found guilty of stealing a total of more than £5.5m from the company in 1989 and 1990.

FATCA