Credit Suisse to pay $47m to resolve Asia hiring probe
Credit Suisse has agreed to pay a penalty of $47m (£35.1m, €40.1m) to the US Department of Justice (DOJ) to end an investigation into whether it hired employees in Asia in return for investment banking business and regulatory green lights.
Best Practice | 6 Jun 18
IFAs busier than ever due to UK pension freedoms
UK advisers are spending more time and resources dealing with retirement advice since the launch of pension freedoms, according to the latest research from AKG.
Football legend says asset manager fraud bankrupted him
Former Premier League footballer Colin Hendry said he will be seeking compensation if an investigation into Kingsbridge Asset Management proves its staff conspired to defraud a large number of its high net worth clients.
IFA and ex-rugby star sentenced for £2.4m film tax scam
An independent financial adviser, a former police officer, a city trader and a former Welsh-international rugby player have all been given jail sentences for their roles in a £2.4m (€2.7m, $3.2m) film tax scam after an investigation by HM Revenue & Customs (HMRC).
Mattioli Woods suspends DB transfer advice service
UK-based Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.