Hume Capital Securities suspends
AIM-listed London broker Hume Capital Securities (HCS) has requested the suspension of trading in its shares after failing to raise enough funds for new business.
UK Adviser
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Life companies welcome UK annuity resale plans
UK life companies have cautiously welcomed an announcement by UK chancellor George Osborne to give up to five million current pensioners the right to swap their annuities for cash in this week’s budget due on Wednesday.
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Julius Baer poaches Barclays
Swiss banking group Julius Baer has appointment two senior Barclays Wealth figures to its UK team as it looks to offer wealth management services to north-west England.
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FnC launches exUK European equity fund
F&C Investments has unveiled a European equity fund which aims to tap into the growth potential of small and medium-sized companies across the Continent.
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FCA sets final rules on social media use
The UK’s Financial Conduct Authority has ruled that when a financial services firm shares customer endorsements over social media it could be covered by its promotion rules, and it has set out clearer guidance on how employees can use their personal social media accounts.
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FPI launches advice support initiative for expats
Isle of Man-based insurance giant, Friends Provident International (FPI), has launched a new financial planning proposition tailored to British and Australian expats to complement its non-Indian resident (NRIs) initiative.
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Life ban for BlackRock fare dodger was ‘disproportionate’
The Financial Conduct Authoritys lifetime ban on an ex-BlackRock managing director who avoided £43,000 in ticket fares has been described as disproportionate and draconian by the head of the representative body for the UKs securities and investment industry.
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Wealth Interactive our top priority
Old Mutual International (OMI) said its online Wealth Interactive Platform is the “top priority” for the company following some challenges, and has outlined plans to extend into Africa and Latin America throughout the rest of 2015.
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Industry giants rally combat savings crisis
A group of 150 financial companies are pushing for a “savings minister”, an overhaul of pension tax relief, and the development of a digital passport to tackle an emerging savings crisis.
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Annuity resale plans reportedly in discussion
Millions of UK pensioners may be granted the ability to sell their existing annuities for cash as ministers serious consider introducing the flexibility in next weeks Budget, the Financial Times reports.
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Pension industry jointly responsibile for clients
There is a new and clear division of responsibility in the UK between consumers, the pensions industry and government policy makers coming into effect after 6 April that is a long way from the current system, the Financial Conduct Authority said.
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Pru boss Tidjane Thiam to head Credit Suisse
Prudential boss, Tidjane Thiam, has stepped down from his role at the insurance giant after posting a strong set of profit figures for 2014 and is to join European bank, Credit Suisse, as chief executive.