LGT unveils wealth operation in India
It has a presence in 14 cities across the country
Industry
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Advisers ‘can’t afford to delay preparations’ for Consumer Duty
They are in ‘real danger’ of letting the FCA’s deadline pass them by
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Credit Suisse to pay €238m to settle private banking tax case
Swiss bank makes no admission of guilt under terms of the agreement
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Financial advice group gets funding for acquisition war chest
It will use the money to create a ‘buy-and-build’ consolidation programme
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Rishi Sunak to become UK prime minister
Just weeks after he lost the Conservative Party leadership election to Liz Truss
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L&G and Lloyds make £35m investment in fintech firm
To help develop solutions around pensions and wealth
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Financial advice business fails
UK lifeboat scheme has already received pension-related claims against it
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UAE ruling sets precedent for expat divorces
It has opened up the possibility of having a choice of jurisdiction
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US in the news: PE firm buys stake in Sequoia Financial
A round-up of people moves and M&A deals across North America
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PEOPLE MOVES: SBG, Charles Stanley, Barclays
Adviser support group names interim CEO, as wealth manager hires head of strategic partnerships
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Stonehage Fleming snaps up South African investment firm
Company will continue to make ‘select acquisitions’ to supplement its organic growth
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Taxman rakes in record £3.5bn in IHT in just six months
Increase in inheritance tax receipts ‘will be music to the ears’ of the Treasury