Advisers and providers share the burden of responsibility for managing potential conflicts of interest, the Financial Conduct Authority (FCA) said in a guidance paper out today.

F&C Investments' head of UK retail John Yule is to exit the business next month.

The Financial Conduct Authority (FCA) will not reimburse advisers for previously 'overpaid' fees if the proposal to cut regulatory costs from next year comes into force, chief executive Martin Wheatley has said.

Banks' redress payments to customers embroiled in the interest rate swap mis-selling scandal surged to £158.6m in December, putting most banks on track to reach their projected review goals.

The US added far fewer jobs than expected in December, according to latest payroll data, with the disappointing numbers partially blamed on bad weather.

The Federal Reserve saw jobs growth in the US as the trigger to begin tapering QE, and has raised its economic growth forecast, the minutes of the last Federal Open Market Committee (FOMC) meeting reveal.

The Financial Conduct Authority (FCA) has appointed ex-Kleinwort Benson chief executive Robert Taylor as head of wealth management and private banking in its supervision division.

Asia's major equity markets have fallen after data from China's services sector disappointed.

Thomas Buckingham, manager of the J.P. Morgan Asset Management UK Higher Income fund, selects five of his preferred stockpicks to deliver a sustainable and growing income.

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