Industry
Whistleblower in HSBC tax evasion case set free after arrest
A whistleblower who leaked more than 100,000 records from HSBC’s Swiss private banking arm, which led to tax evasion probes across the world, was arrested in Spain but released a day later.
FEIFA adds seven members in three months
The Federation of European Independent Financial Advisers (Feifa) has added seven members to its books in the first three months of 2018, representing membership growth of more than 10%.
Zurich names successor for chief executive EMEA
Gary Shaughnessy is to step down as chief executive for Zurich Europe, Middle East & Africa in the fourth quarter of 2018 for health reasons. His successor has been named as Axa’s Amanda Blanc.
Best Practice | 5 Apr 18
FCA steers away from pre-RDR trail commission ban
The Financial Conduct Authority (FCA) has “no immediate plans” to ban trail commission on legacy investment products, it has announced in a policy statement that looks to shake-up the asset management industry.
Invesco to slice AJ Bell stake at IPO
Invesco Perpetual is expected to cut its 44% stake in AJ Bell, alongside second-largest shareholder Andy Bell, to make it easier for smaller investors to get in on the firm’s IPO.