Cost of skilled persons reports hits £145m

Though there are fewer S166 reviews under the FCA the average cost has more than quadrupled to £3m.

Tyrie questions FCA over cost of skilled person reports

Treasury select committee chair Andrew Tyrie says he is “particularly concerned” about cost to firms and customers.

FCA reopens over two million PPI complaints

Regulator asks firms to review complaints about missold PPI as redress bill hits £16bn.

FCA bans and fines adviser £350k for Ucis failings

Director of London-based advice firm promoted Ucis without adequate checks. 

Japan economy shows signs of stagnation

Japanese GDP contracted sharply during Q2 following increase in consumption tax.

House prices rises hit 11%

Average UK property increased in valued by 11 per cent year-on-year in August.

NatWest repeals mortgage ban against Financial Ltd advisers

Lender suspended new mortgage applications earlier this month.

Vanguard slashes trackers fees by as much as 50%

The firm has also reduced ongoing charges across a number of ETFs and its full range of LifeStrategy funds.

FCA fines Deutsche Bank £4.7m for reporting failures

Deutsche Bank breached FCA rules on transaction reporting over a six-year period. 

Reyker saga continues with direct calls to advised clients

Firm accused of soliciting advisers’ clients. 

Foxtons shares tumble after warning of market slowdown

Group chief executive says regulatory changes have had a “cooling” effect on the housing market.

MPs warn HMRC IT shake-up risks 'disaster'

Senior MPs warn over plans to break up super computer into as many as 100 parts.

PosSol offers advisers cash advance to cover commission delays

Advisers are around £500 worse off in some cases.

MAS considers extending retirement directory to all advisers

MAS confirms plans to go ahead with adviser directory but criteria may be extended. 

HSBC to fight £151m Keydata lawsuit

SLS liquidator bringing claim against HSBC’s US subsidiary for its role in collapse of Keydata. 

FCA fines RBS £14.5m over poor mortgage advice

Only two of the 164 sales reviewed met the required standards.

BBA: Post-MMR market 'settles' as approvals rise

House purchase approvals grew 12 per cent year-on-year in July, as MMR troubles ease.

Three directors of Ucis advice firm disqualified

Three directors banned for unsuitable recommendations worth £2m and unauthorised transfers. 

FOS upholds complaint over pension ‘pressure sale’

Consumer claims he was pressured into taking out a pension by Sun Life Financial of Canada.

Polar Capital hires Rushton to spearhead UK absolute return venture

The firm plans to launch its first product in the UK alternative space by the end of September with former L&G IM fund manager Guy Rushton.

Savills: UK house prices to rise 25.7% over the next 5 years

Savills raises 2014 UK forecast to 9.5 per cent.

FCA changes policy on compliance guarantees

Regulator revising guidance to supervisors over use of attestations.  

Barnett Waddingham acquires Sipp provider

Deal sees firm’s Sipp portfolio pass £1bn in assets under administration.

Mortgage boss fined £70k eyes stock market listing

Henry Moser was fined and censured by the FSA in 2012 for treating customers unfairly.

Rising house prices trigger boom in 30-year mortgages

Stricter affordability checks, rising house prices and the prospect of an interest rate rise are leading borrowers to take out longer loans.

Henderson and Bellpenny to end £27m fund deal

Henderson says assets under management are insufficient to make fund commercially viable. 

PI brokers raise concerns over new insurer

Unrated insurer may not have sufficient financial strength to pay claims, say brokers

FCA issues call for evidence on retrospective regulation

Regulator asks firms for examples to help close ‘expectations gap’ between FCA and industry. 

Brown Shipley makes raft of changes in multi-manager overhaul

The wealth manager has launched two funds, renamed two funds and merged three others to create a more cohesive offering.

Asset Allocation: Patience a virtue for JPM as it puts faith in Japan

The JP Morgan Fusion fund of funds range has doubled down on Japanese prime minister Shinzo Abe’s planned third arrow.

Barclays to launch two-year fix at 1.95%

Lender also to cut select buy-to-let rates by up to 0.4 per cent. 

Consumer Panel investigates fund management costs

Review will look at transparency of investment costs and charges. 

Six directors disqualified for £13m land banking scam

Scheme misled 300 investors into buying worthless plots of land. 

FCA ban upheld for fraudulent mortgage broker

Mortgage broker fraudently claimed £10,000 from a bank. 

Is London's housing market running out of steam?

Research from Rightmove shows asking prices were down 5.9 per cent in August - the third consecutive monthly fall.

SimplyBiz hires Aviva workplace benefits manager

Tom Nall joins as director of workplace solutions.

LV= appoints former Aviva director to lead protection business

Myles Rix will take over as insurer’s managing director for protection.

Government scraps CPIH inflation measure over reliability concerns

Alternative inflation measure could be brought back pending review this year.

Credit Suisse AM confirms new CEO Foster

Stephen Foster replaces Nigel Hill who stepped down as CEO back at the end of October last year.

Credit Suisse AM confirms new CEO Foster

Stephen Foster replaces Nigel Hill who stepped down as CEO back at the end of October last year.

Tisa director general Tony Vine-Lott exits

Vine Lottn leaves his role with immediate effect after 13 years at the trade body.

Investec Wealth slashes UK and European equity allocation by £430m

Overall, equity allocation of balanced portfolio reduced by 2 per cent.

Investors exposed to risk-profiling 'ticking time bomb'

The Platforum distribution report echoes FCA warnings on use of risk-profile software.

Investors exposed to risk-profiling 'ticking time bomb'

The Platforum distribution report echoes FCA warnings on use of risk-profile software.

Investors exposed to risk-profiling 'ticking time bomb'

The Platforum distribution report echoes FCA warnings on use of risk-profile software.

RBS to close restructuring unit GRG

Global Restructuring Group which is facing investigation over allegedly forcing small businesses into default to boost its own profits.

RBS to close restructuring unit GRG

Global Restructuring Group which is facing investigation over allegedly forcing small businesses into default to boost its own profits.

How will Govt close new pensions recycling loophole?

HMRC could be forced to cut the annual allowance to £10,000 for people who buy an annuity.

Fidelity Multi Asset keeps off property

Fund co-manager Eugene Philalithis says the team is looking at increasing exposure to floating-rate loans in Europe after US debt started to get more expensive.

Revealed: The new Budget pensions recycling loophole

Experts warn the draft Taxation of Pensions Bill published today keeps the loophole open for those purchasing an annuity.

Revealed: The new Budget pensions recycling loophole

Experts warn the draft Taxation of Pensions Bill published today keeps the loophole open for those purchasing an annuity.

Moody's cuts UK banking outlook to negative

Cut result of regulation intended to avoid another state bailout and ongoing conduct and litigation charges.

Moody's cuts UK banking outlook to negative

Cut result of regulation intended to avoid another state bailout and ongoing conduct and litigation charges.

Bankers warn over 'fractured' EU financial regulation risk

British Bankers’ Association warns against setting up new European Commission department for financial services.

Barclays secures first simple products kitemark

Fixed term life insurance product underwritten by Aviva first to be awarded the kitemark by the British Standards Institution.

BlackRock manager quits after dodging £43k in rail fares

Jonathan Burrows is thought to be the biggest fare-dodger in history.

Keydata’s Stewart Ford to sue FCA over 'abuse of power'

Founder of Keydata to bring £371m legal claim for loss and damages against the regulator.

Aldermore Bank latest to introduce LTI cap

Aldermore introduces two new caps on residential lending.