Sesame fined more than 15m for undermining
The UK’s most complained about advisory firm, Sesame, has been fined over £1.5m for setting up a pay-to-play scheme which promoted the company’s own commercial interests over those of its clients.
Author: PA Adviser
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Goldman Sachs launches alternative fund
The fund aims to give clients exposure to streams of income free of market direction, taking account of interest rates, currencies and emerging market debt
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SJP closes on 50bn FuM boosted high Q3
New business at St James’s Place increased by almost 20% over the third quarter, bringing the wealth manager within sight of £50bn in funds under management.
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Barclays accused of betraying duties t
A Saudi businessmen is suing Barclays for $10bn in damages, claiming the company struck a secret settlement with the countrys government to further its own interests in the region.
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Nikko AM to launch first in series of ASEAN
Nikko Asset Management has received the go ahead from the Monetary Authority of Singapore to offer a fund under the ASEAN Collective Investment Scheme.
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Guinness global fund opens to European
Guinness Asset Management is giving UK and European investors access to its Global Innovators strategy for the first time.
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HMRC to miss target unless LDF
The Liechtenstein Disclosure Facility (LDF) must see a “dramatic” influx in declarations or HM Revenue & Customs will fail to meet its £3bn target, says a leading tax specialist.
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Divorcees top list of tax evasion tip offs
The number of informants being paid by HMRC to provide information about tax evasion has reached a record high, with former spouses coming top of the list for tip-offs, according to City law firm, RPC.
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First Lux bank in DIFC
Banque Internationale-Luxembourg, has become the first Luxembourg bank to open in the DIFC, backing the grand duchy’s efforts to become the primary centre for Islamic funds outside of the Middle East.
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New investor forum encourages international
A group of institutions in the UK, known as the Investor Forum, has published a list of 13 objectives, included in which is an aim to encourage the involvement of more international investors with UK companies.
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ROBO-STOX Europes first robotics ETF
The investment firm is collaborating with robotics and automation researcher ROBO-STOX to provide investors with easy access to the growing automated technology industry
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Source announces Eurozone bank fund
The asset manager has announced a new, more focused bank stock-ETF timed to follow on from the European Central Bank asset quality review