The Financial Conduct Authority has fined JLT Specialty Limited £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.
The government has named the first consumer bodies to be given super-complainant status for the financial services sector.
We get the views of the expert on how best to ensure your client asset are suitably safeguarded.
If Permira plans to merge Bestinvest and Tilney, what would the merged business look like?
For those that have outsourced custody or administration, and have concerns following SEI’s fine for failing to manage internal account transfers, what measures can they take to ensure their outsourcing partner is fulfilling their role?
Wealth firm Towry has recruited a hedge fund specialist into its investment team.
The working group formed by the funds industry to respond to the regulator’s criticism about its use of outsourcing has published the outcome of its review.
Lloyds Banking Group has named Scottish Widows chairman and Tory peer Norman Blackwell as chairman.
The Financial Conduct Authority has drafted in an independent skilled person to determine whether Royal Bank of Scotland mistreated customers.
Financial Conduct Authority head of asset management supervision Ed Harley has left the regulator to take up a role at Goldman Sachs Asset Management.
Gemma Durkin has been hired by Towry from Halifax-based LRH Wealth Management to work as a wealth adviser in its Leeds office.
The proposed ban on rebates from asset managers to platforms and customers could result in a difficulty in transferring fund between platforms, and a lack of consistency.
The Financial Conduct Authority has set out plans to crack down on fund managers’ use of dealing commission, proposing on a ban on the payments being used to buy corporate access.
St James’s Place has paid £1.25 million in compensation and redress to clients of a rogue adviser who has been banned from running a company for 14 years.
On Citywire today
Wealth Manager recently had exclusive access to Dale Nicholls as he talks about the challenge of replacing Anthony Bolton on the China Special Situations trust next March.