There is “insufficient basis for taking any enforcement action” against Scottish Widows following a review of the firm’s fair treatment of longstanding customers, the Financial Conduct Authority announced on Tuesday.
HSBC has revealed plans to expand insurance and wealth management divisions in China as part of strategy refresh.
Old Mutual Wealth (OMW) has revealed its float price and expected market capitalisation following its managed separation from its parent Old Mutual
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).
Dover Financial, one of Australia’s largest financial advice firms, has announced it will be closing its business in July amid an ongoing investigation by the country’s corporate watchdog.
DeVere has opened its second office in Italy and is planning to expand its existing bases in France, Spain and Switzerland in just a matter of months, the group has confirmed.
STM Group’s Gibraltar based companies have pledged to strengthen oversight and sharpen procedures in the wake of a long awaited special investigation into their practices.
The scale of the burden of rising professional indemnity insurance (PII) premiums has been revealed in a new section of the UK regulator’s data bulletin.
Blackrock has undercut Vanguard by slashing fees on an iShares emerging markets product and matching its rival’s pricing on four European equity funds.
Guernsey-based European Wealth Group’s acquisition of US broker Newbridge has been “mutually” called off.
Brewin Dolphin bolsters its Jersey team with a senior hire, Manulife announces three promotions to its management team in Hong Kong and JP Morgan Asset Management grows its international ETF business with six appointments.
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.
