News

The Financial Services Authority (FSA) has fined Coutts & Company £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls.

Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.

Towergate Financial has acquired the financial planning business of the Melton Mowbray Building Society.

The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.

Comparison sites are failing to provide consumers with the best deal and should be strictly regulated, Which? has said.

Prudential has been forced on the defensive over an e-mail sent to thousands of staff in which a senior executive appears to make a series of disparaging remarks about FSA policies.

The vast majority of advisers intend to remain in the industry and offer independent advice after 2013, in a sign advisers have "accepted" RDR, research suggests.

The FSA is to look into charges levied by UK fund management groups after its head of investments policy queried why they had been rising in recent years.

A land banking operation which was continuing the work of a business previously shut by the Insolvency Service has itself been wound up.

A bill in Australia widely seen to mirror the UK's Retail Distribution Review has been passed by its parliament - albeit in a watered down form.