The UK’s compensation scheme has paid out almost £5m (€5.7m, $6.7m) in claims against the brothers behind Taylor & Taylor Associates, who defrauded more than 200 clients to fund lavish lifestyles that included private jets and Rolex watches.
Gibraltar BSN Life is to boost its distribution management operation in Malaysia by partnering with Majesco Distribution Management and Digital Solutions.
Former Premier League football manager Walter Smith is seeking £320,000 from his ex-financial adviser over investments made during the time he was in charge of Everton.
The government of the British Virgin Islands (BVI) has assembled a legal team to fight the imposition of a register of beneficial ownership by the UK.
Invesco has entered a direct relationship with advisers with the purchase of back-office software provider Intelliflo for an undisclosed sum.
Credit Suisse has agreed to pay a penalty of $47m (£35.1m, €40.1m) to the US Department of Justice (DOJ) to end an investigation into whether it hired employees in Asia in return for investment banking business and regulatory green lights.
A European advice industry association is calling on advisers to push for the demolition of “absurd regulation” and to act like fintechs.
UK advisers are spending more time and resources dealing with retirement advice since the launch of pension freedoms, according to the latest research from AKG.
Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.
International adviser Plurimi Wealth is planning for expansion, including acquisitions, following a cash injection from Toscafund Asset Management.
Indosuez appoints from within for chief executive, Old Mutual recruits from Aviva and Vanguard changes Australian leadership.
DeVere USA has agreed to pay an $8m civil penalty stemming from its failure to disclose upfront commission of 7% to clients who were encouraged to transfer their UK pensions via a Qrops, the US regulator has announced.
