UBS mass market push ends with robo-adviser sale
Swiss bank was ‘out of its comfort zone’
Industry
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Life insurance in the firing line of Aussie Royal Commission
A$18.1bn in life premiums paid in 2017
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Legg Mason pays $71m to settle Libya bribery case
Global investment manager involved in scheme to secure investments from Libyan officials
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Overgenerous cash transfers risk killing DB pension schemes
14 schemes told not to endanger remaining defined benefit members
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UK lifeboat scheme won’t cover expats using defunct FX firm
Pension payments, life savings and deposits for properties in Portugal and Spain in limbo
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Faulty Aegon investment models see investors get $97m refund
Work by an inexperienced junior analyst contained errors and ‘didn’t work as promised’
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£379bn advice tech provider integrates pension switching firm
Back office system teams up with Selectapension
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Gam to begin payouts from frozen bond funds
Cayman fund investors to get back less than those in Luxembourg and Irish funds
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AFH Group’s biggest acquisition takes funds past £3.5bn
Wealth manager buys 11th firm in a year
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Brexit speeds end to client signature chase
Era of ‘wet ink’ antiquated in the digital age
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Singapore advice firm IFS strikes deal with wealth manager
Emails sent to clients three months after IFS lost a High Court case against Old Mutual International
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EU regulator extends retail investor binary options ban
Certain binary options with longer expiration periods have been exempted