News by: Dylan Lobo

FCA bans two advisers for Sipp switch into unregulated products

by Dylan Lobo on Apr 17, 2014 at 11:37

The regulator has banned the pair for moving Sipp clients into unregulated and high risk products such as diamonds and overseas property.

M&G’s Rhodes sells BlackRock for Aberdeen income opportunity

by Dylan Lobo on Apr 17, 2014 at 10:42

Citywire + rated Stuart Rhodes is concerned about US valuations and has started to see some compelling opportunities in emerging markets after the sell off.

Chatfeild-Roberts buys property for first time in more than 10 years

by Dylan Lobo on Apr 15, 2014 at 15:10

The search for income has drawn Jupiter chief investment officer John Chatfeild-Roberts to the asset class after a lengthy absence.

Boiler room fraudster in £4m scam receives four-year sentence

by Dylan Lobo on Apr 15, 2014 at 09:46

John Laurence Curtin was sentenced at Westminster Magistrates’ Court yesterday as one of five conspirators convicted for defrauding UK investors.

FCA warns land banking firms- 'we will come after you'

by Dylan Lobo on Apr 14, 2014 at 14:27

The Financial Conduct Authority (FCA) has won a High Court case against a land banking firm which it said sets a precedent that means land bank funds must be authorised collective investment schemes.

Rowan Dartington acquires online wealth platform

by Dylan Lobo on Apr 14, 2014 at 10:24

The acquisition of Isle of Man-based Acordias will open the opportunity for Rowan Dartington to provide its stockbroking and discretionary capabilities on a global basis.

Julius Baer enters Irish wealth market

by Dylan Lobo on Apr 14, 2014 at 09:07

The Swiss wealth manager has expanded its overseas footprint through the purchase of Merrill Lynch's Dublin-based business.

Brooks Macdonald buys Jersey wealth firm DPZ Capital

by Dylan Lobo on Apr 14, 2014 at 07:31

The DPZ Capital Partners buy for an initial £5.7 million increases Brooks international footprint.

Osborne threatens wealthy tax evaders with jail

by Dylan Lobo on Apr 14, 2014 at 07:29

The chancellor said plans are being drawn up to make it easier to prosecute the wealthy found to be deliberately reducing their tax burden by hiding money in foreign accounts.

Co-op woes escalate with record £1.3bn loss

by Dylan Lobo on Apr 11, 2014 at 08:56

The banks said it would not pay around £5 million in bonuses to former bosses after a torrid year.

Tidjane Thiam: I was wrong about the ‘magician’ Woolnough

by Dylan Lobo on Apr 11, 2014 at 07:35

The Prudential chief made a guest appearance at M&G's annual investment conference in France and admitted he underestimated just how popular this asset management arm would be on the continent.

IMA to merge with ABI investment arm to form new trade body

by Dylan Lobo on Apr 11, 2014 at 07:34

The Investment Management Association is to merge with the investment arm of the Association of British Insurers to create a new trade body.

'I thought I knew him better': Gross breaks silence on El-Erian split

by Dylan Lobo on Apr 11, 2014 at 07:21

Pimco founder Bill Gross has described his ‘extreme disappointment’ at the sudden departure of his chief executive Mohamed El-Erian's last year.

Treasury's Sajid Javid replaces Maria Miller as culture secretary

by Dylan Lobo on Apr 09, 2014 at 12:14

Treasury financial secretary Sajid Javid is to replace Maria Miller as culture secretary following her resignation over an expenses scandal.

Tim Bond: stranded China assets could be a hazard

by Dylan Lobo on Apr 09, 2014 at 07:48

Odey's asset allocation guru also believes US interest rates could go up sooner than expected and that European economic growth could beat forecasts.

Metro Bank founder launches branch-free digital bank

by Dylan Lobo on Apr 09, 2014 at 07:45

Anthony Thomson has teamed up with First Direct chief Mark Mullen to launch the bank called Atom, which they expect to become the choice for 21st century customers.

Clifford Chance to review FCA ‘zombie’ fund blunder

by Dylan Lobo on Apr 08, 2014 at 15:18

The regulator has appointed the law firm to conduct an independent review into last month’s communication blunder, which wiped billions off the value of insurers.

Brewin Dolphin shuts two offices for Bournemouth launch

by Dylan Lobo on Apr 08, 2014 at 11:48

The private client stockbroker is consolidating its Lymington and Dorchester offices to facilitate the creation of a Bournemouth arm.

Wealth firms on alert as FCA's RDR patience runs out

by Dylan Lobo on Apr 08, 2014 at 10:52

With a wealth and advice firm facing enforcement action following the regulator's latest review into pricing, the FCA has signalled a more aggressive stance a year after the RDR was introduced.

FCA set to refer wealth firm to crime unit after 'egregious' failings

by Dylan Lobo on Apr 07, 2014 at 10:02

In a thematic review the regulator found 73% of firms are not being clear over the cost of advice, with a wealth firm and an advisory office referred to the regulator's Enforcement and Financial Crime division

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