Companies
Two Malta trust directors banned for a year
Two directors of Malta trust company Confiance have been banned from financial services for multiple failings.
Royal London offering ‘substantial’ cash for annuity guarantees
Royal London is worried pension holders are “throwing away” their guaranteed annuity rate (GAR) under the new pension freedoms and it wants to offer them cash for the promised return.
Blacktower expands with US and German businesses
European IFA firm Blacktower Group has launched two separately regulated companies – its first US business and a second operation in Germany.
7IM buys family office focused DFM
Seven Investment Management has agreed to take over Tcam Asset Management in a bid to enhance its active management capabilities despite the Scottish firm last year expressing caution about merging with another company.
Macquarie clients with A$1.3m pushed out of private wealth
A cull of advisers and a shift in strategy have put clients of Australia’s Macquarie Group with less than A$1.3m (£724,000, $977,000, €829,000) of assets in limbo.