Regulation

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

Trade body SIFA has protested against the reduction in time allowed for responses to a Solicitors Regulation Authority (SRA) consultation into adviser referrals, stating the reduction is not "proper and democratic".

The jobs of tens of thousands of financial intermediaries working across Europe would be at risk if the European Commission (EC) outlaws the payment of commission to advisers, a lobby group has said.

Former tax boss Andrew Meeson has pleaded not guilty to charges his company defrauded HM Revenue and Customs (HMRC) by more than £5m through a "fictitious" pension scheme.

The Financial Services Authority (FSA) has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 over a two-and-a-half year period.

A Bradford-based financial adviser has been jailed after a court found him guilty of stealing almost £400,000 from four vulnerable clients over a 16-year period.

The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.

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