Industry
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.
IFA nets small win over ex-Everton manager in damages case
Former Premier League football manager Walter Smith has been forced to hand over documents to his ex-financial adviser, who he is suing for £320,000 over investments made during the time he was in charge of Everton.