FCA says banks paid 11bn for swap miss selling
Banks nabbed selling miss-selling interest rate hedging products have forked out £1.1bn in compensation, the FCA said.
Banks nabbed selling miss-selling interest rate hedging products have forked out £1.1bn in compensation, the FCA said.
Boal & Co has become Zurich International Lifes new trustee provider of choice, meaning the Isle of Man-based Pension Trustee will become Zurich’s recommendation for customers looking to set up a corporate pension plan.
The Financial Reporting Council (FRC) has launched an investigation into Baker Tilly over a lack of professional competence in its audit of electric vehicle manufacturer Tanfield Group.
Aberdeen Asset Management has migrated all equity funds and mandates run by Scottish Widows Investment Partnership.
Carey Olsen has been named the leading offshore legal adviser to London listed clients in the Corporate Advisers Rankings Guide, a position it has retained since records started in 2005.
Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
Coutts has written to clients to inform it is conducting a review into the suitability of its historic investment advice, a response to the regulators Dear CEO letters sent in 2011.
The Queen reaffirmed the pension reforms announced in this years Budget today as she opened parliament in Westminster.
Isle of Man headquartered Thomas Miller Investment is aiming to make an acquisition in the UK later this year as part of the group’s focus on growth prospects in the offshore market.
The Association of Professional Financial Advisers (APFA) has said it is disappointed in the FCAs decision to scrap a review of the methods it uses to calculate regulatory fees.
Discretionary fund managers are struggling to focus on clients’ investment objectives because they still measure their performance against indices rather than individual client goals.
A financial adviser who stole £130,000 in savings from vulnerable pensioners and widows has been jailed for three years.