What does the advice sector want from FCA director of international?
UK regulator is looking to improve its engagement overseas
Industry
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South African firm buys 50% stake in financial services group
Acquired company offers wealth management and retirement fund administration services
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Scammers target wine investment scheme victims
While more than half of Brits have been contacted by fraudsters in the last year
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DeVere Group temporarily closes UK property investment division
As it is concerned about an ‘imminent drop’ in prices
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£226m Harlequin fraudster handed 12-year prison sentence
After he was found guilty of running the scheme in August 2022
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US in the news: State Street Global Advisors names CEO
A round-up of people moves and M&A deals across North America
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Brooks Macdonald acquires financial planning firm
Deal adds £350m in assets under advice and around 650 clients
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Malta sued by EU over golden passport scheme
Citizenship-by-investment programme is not compatible with Union treaties, bloc claims
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AAM Advisory CEO exits
Less than a year after Utmost acquired its parent company Quilter International
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Blockchain provider buys Singapore wealth manager
In a bid to expand its digital asset business in the Lion City
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Some advice firms still clueless about Consumer Duty
Yet they have less than a year to comply with the FCA’s rules
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Utmost eyes further acquisitions following Quilter International deal
Firm told IA that there is a shift in Asia with some clients preferring to hold assets in Singapore