Industry
Standard Life Aberdeen loses top client
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
Aussie advisers face tougher exams
The newly appointed chair of the Australian Securities and Investments Commission (Asic) used his first public appearance to support calls for finance sector workers to face tougher exams to lift standards.
Convoy freezes former directors British Virgin Islands assets
The former director of troubled Convoy Global has had his assets on the British Virgin Islands frozen, with the firm also filing a writ against him and 12 others, demanding they pay £16m in compensation.
Best Practice | 15 Feb 18
How was the British Steel pension scandal allowed to happen?
A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?
Environmental investing is suffering an identity crisis
More than £1bn of retail money flowed into ethical funds in 2017, representing the highest annual level of sales for this type of fund ever, but the sector’s progression is stifled by an identity crisis.