Industry
Allegations hit South Africa adviser exam body
Following claims of irregularities, advisers will no longer be able to sit exams with the Financial Planning Institute (FPI) of Southern Africa.
Equitable Life joins £24bn consolidator’s stable
Policyholders could be set for a windfall after the world’s oldest mutual assurer, The Equitable Life Assurance Society, is sold to Life Company Consolidation Group (LCCG).
Wealth firm boss charged with fraud
The managing director of a collapsed UK wealth management firm, which allegedly still owes more than £13m ($17.3m, €14.8m) to investors, has been charged with fraud by the City of London Police.
UK compensation scheme names 8 failed firms
Clients of eight failed advice firms can get their money back after the UK compensation scheme added them to its list of firms in default.
PEOPLE MOVES: The Fry Group, LGIM, Pictet Wealth
The Fry Group appoints from Old Mutual for Singapore chief, Legal & General Investment Management recruits from Standard Aberdeen in Asia and Pictet Wealth’s chief exits.