UK-Romanian boiler room fraud losses hit £1m
Investigation has found over 4,700 victims – but numbers expected to rise
United Kingdom
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Pressure mounts over MPAA reforms
But Treasury holds its ground despite growing number of over-55s breaching the tax-free contribution limit
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PEOPLE MOVES: STM, Brooks Macdonald, LGT
Financial services group names global head of business development, while wealth manager makes senior hires
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FCA urged to review treatment of clients with mental health problems
As charity finds they are charged 27 times more for insurance products
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Forthplus-linked pension advice firm fails
While, separately, a Scotland-based financial planning business has also collapsed
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UK advice group suffers cyber attack
Company ‘will ensure that clients will not suffer financial loss’ if personal data held by the firm is misused
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Fintech firm buys online Islamic Wills providers
To expand its services alongside pensions and savings
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Kingswood launches Aim IHT and ISA portfolio service
As RBC Wealth Management finds inheritance tax planning is top concern for HNW Brits
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IFA and investment management firms enter administration
Sale of the businesses is expected within 14 days
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NatWest buys majority stake in pension tech company
To help customers save for the future and manage their financial wellbeing
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Bill Vasilieff ‘lured’ out of retirement to set up UK advice firm
Swedish-headquartered group will offer IFA and investment management services across Britain
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Assets in underperforming ‘dog funds’ rocket to £19.1bn
From £10.7bn in August, according to Bestinvest’s Spot the Dog report