Industry
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.
Advisers need to behave like fintechs
A European advice industry association is calling on advisers to push for the demolition of “absurd regulation” and to act like fintechs.
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.
Advice firm on acquisition trail after private investment
International adviser Plurimi Wealth is planning for expansion, including acquisitions, following a cash injection from Toscafund Asset Management.