The Financial Services Authority (FSA) will be the biggest winner following the retail distribution review (RDR), according to a survey of 280 advisory firms.
Barclays' record FSA penalty for LIBOR manipulation will be superseded by other banks' fines as the investigation deepens, according to Schroders' Richard Buxton.
The estimated value of the remaining assets within the Arch Cru funds has fallen again, reducing the amount of returns to investors being offered by Capita Financial Managers, the authorised corporate director.
Technical specialist at the FSA Rory Percival told advisers that too many firms that had adopted Centralised Investment Propositions (CIPs) were aspirational and "not realistic" when assessing their client banks.
The Financial Services Authority (FSA) has expressed concerns about the use of distribution deals to circumvent rules banning the payment of commission.
Aviva has launched its initial adviser charging guide detailing which products qualify and how adviser charging will be enabled on those products.
Four banking giants including HSBC and scandal-hit Barclays are to provide redress to business clients mis-sold specialist insurance on loans, the Financial Services Authority (FSA) has said.
The Financial Services Authority (FSA) has called on banks and building societies to improve their work to detect and combat investment fraud.
AXA Wealth has announced its adviser charging proposition will cover its entire product range.
The Investment Management Association (IMA) has called on fund groups to enhance transparency on charges across all investor-facing documents, as well as giving a more prominent position to the ‘ongoing charge' and provide details of transaction costs....