Industry
FCA fines and bans former SVS Securities CEO
Hadjigeorgiou was the former chief of discretionary fund manager SVS, which managed around £69.6m
UK fund selectors tilt towards active management amid global uncertainty
More than half (53%) of those surveyed said they are moving significantly towards active strategies
Skipton International launches limited company lending for expats
The new offering is aimed at intermediaries whose clients are purchasing property through a limited company
Top 10 UK wealth managers now serve 89% of discretionary clients
Further consolidation is expected, with 41% of surveyed firms planning to acquire another business or grow their clients or revenue
Advisers see geopolitical shocks as biggest fixed income threat
The survey found that 45% identified geopolitical shocks and energy price volatility as the greatest threat