Panacea Adviser, a free online community for adviser firms, is calling for immediate action to overhaul the way in which the Financial Services Compensation Scheme (FSCS) is funded following yesterday's announcement of a £76m levy on investment intermediaries....
The Financial Services Authority (FSA) and its successor bodies may not be able to prioritise pensions standards if regulation were moved to a single body, a top regulator has said.
Swedish banking group Handelsbanken has acquired UK wealth manager Heartwood for an undisclosed fee.
Openwork is expanding its investment proposition, Omnis, in a move that will see the business launch a number of multi-asset model portfolios and a fund of passive funds range.
The Parliamentary Commission on Banking Standards is set to take evidence from the chairman and chief executive of Royal Bank of Scotland Group (RBS), Sir Philip Hampton and Stephen Hester,
RBS has been fined a collective £391m for its role in the LIBOR scandal, with the FSA's investigation finding over 200 "inappropriate" rate submissions.
Analysts at Barclays have expressed "surprise" at high pricing at the lower end of the platform market.
The suspended EEA Life Settlements fund has submitted its plans to the Guernsey regulator for restructuring.