News

The chief executive of the Chartered Insurance Institute (CII), the parent of adviser body the Personal Finance Society (PFS), has announced he is to step down.

The Financial Conduct Authority (FCA) is seeking feedback on a possible ban on rebates from discretionary fund managers to clients as it develops its response to forthcoming MiFID II legislation.

The Financial Conduct Authority (FCA) could be required under Europe-wide rules to force all financial advisers to record client telephone calls to prove they are acting in clients' best interests.

A Court of Appeal ruling about what constitutes a collective investment scheme has raised questions about the status of Harlequin that could cast further doubt on its suitability for retail investors.

The Royal Bank of Scotland (RBS) will net up to $3.7bn from the sale of part of its stake in US retail bank Citizens Financial Group.

The Financial Conduct Authority (FCA) has made it a requirement for firms to rank their annuity products against their peers and simplify the information they give to consumers in the form of wake-up packs.

The Financial Ombudsman Service (FOS) has listened to industry complaints about the burden of regulatory cost and cut its budget by 11% for the coming year.

J.P. Morgan Asset Management (JPMAM) has cut fees on its Fusion fund range, run by Tony Lanning, in a bid to improve the portfolios' competitiveness.

The Financial Conduct Authority's (FCA) business plan has failed to calculate the Dilnot cap on long-term care costs correctly, according to LEBC Group divisional director Kay Ingram.

The Money Advice Service (MAS) is set to redistribute funding from its 'money advice' proposition to its 'debt advice' offering, meaning advisers' contributions to the body could be cut.