FSCS declares four IFAs in default over
The Financial Services Compensation Scheme (FSCS) has declared four IFA firms in default after they proved unable to compensate an increasing amount of SIPP complaints made against them.
The Financial Services Compensation Scheme (FSCS) has declared four IFA firms in default after they proved unable to compensate an increasing amount of SIPP complaints made against them.
St James’s Place has seen a 20% year on year growth in new business over the first six months of 2014, despite losing nearly 10% in profit due to regulatory changes.
Lloyds Banking Group has been fined £105m by the FCA over extremely serious SLS and LIBOR rigging in the regulators third highest fine of all time.
Aberdeen Asset Management was hit by £5.5bn net outflows in the three months up to 30 June, the company said in its nine month interim management statement.
The Financial Ombudsmen Service (FOS) has upheld a complaint against SIPP provider Berkeley Burke for failing to meet FCA guidelines over a collapsed £29,000 unregulated collective investment scheme, the first time a provider has been held accountable in such circumstances.
Jerseys government has passed a new charities law in its latest bid to become the leading international finance centre for philanthropic wealth structuring.
The Royal Bank of Scotland has announced that it expects pre-tax profits of £2.6bn for the first half of the year, in a surprise early release of its first-half results.
Discretionary funds under management at Brooks Macdonald increased by almost 30% during the past year, boosted by the acquisition of Jersey headquartered DPZ Capital.
Using its suspension powers for the first time, the Financial Conduct Authority has banned two subsidiaries of the Financial Group for serious misconduct.
Producing RDR compliant investment reports for clients is a major concern for the majority of wealth managers, a new survey has revealed.
The Financial Conduct Authority has fined the ex-chairman of JP Morgan Cazenove, Ian Hannam, £450,000 for two instances of market abuse.
Despite improved cost control and an increase in assets under management, the groups wealth management division saw earnings fall.