United Kingdom
United Kingdom | 1 Jun 15
Fraudster gang faces jail terms over £4.3m UCIS losses
Eight fraudsters face a combined total of 26 years’ imprisonment after the UK’s Financial Conduct Authority found they lost over £4.3m of investors’ money in their unauthorised collective investment scheme (UCIS).
Tax & Regulation | 29 May 15
HMRC to act against aggressive tax avoidance scheme
The UK tax office said it plans to take firm action against the users and promoters of a tax avoidance scheme run by high profile recruitment company, Anderson Group.
United Kingdom | 28 May 15
Financial industry concerned over FCA complaint reforms
A user group of representatives from the UK financial services industry has expressed concerns over the additional workload and costs likely to be created by the Financial Conduct Authority’s proposed reforms to the way complaints are handled.
FPI brand will live on after Aviva merger
Friends Provident International, a major player in the Asia and the Middle East markets, will emerge from its takeover by UK insurance giant Aviva largely unscathed, according to Chris Wei, Aviva’s Asia chairman.
Alternatives | 27 May 15
Aberdeen bolts on second alternatives business in two months
Aberdeen Asset Management has agreed to acquire private equity and real assets manager FLAG Capital Management as part of an ongoing bid to scale up its presence in the alternatives space.