FSA

Firms who advised on investments in the failed CF Arch Cru Investment and Diversified funds have been contacting clients asking them if they want a review of the advice ahead of yesterday's deadline to identify investors eligible for redress.

The embattled Bank of Ireland (BoI) has come under fresh attack for "unfairly" hiking the interest rates of thousands of borrowers on ‘tracker' mortgages, despite a static base rate.

Verbatim Asset Management, the investment arm of the SimplyBiz Group, is to provide its independent investment process to restricted national Sandringham Financial Partners.

The Financial Conduct Authority (FCA) has given Britain's biggest banks permission to start paying the estimated £2bn-plus compensation owed to small firms that were mis-sold derivatives products.

The Financial Conduct Authority (FCA) has confirmed execution-only platforms will be caught up by its cash rebate ban and has blamed a 'typographical error' for earlier confusion.

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided they are passed on to consumers in full in the form of additional units.

Platforms must fully comply with the Financial Conduct Authority's (FCA's) ban on cash rebates from product providers to platforms by 6 April 2014, the regulator has stated.

PLATFORMS

The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.

Harlequin Management Services (South East), which trades as Harlequin Property, has filed a notice of intention to appoint administrators at the High Court of Justice.