United Kingdom
FCA fines Merrill Lynch Int’l record £13m over transaction reporting failings
The UK’s Financial Conduct Authority has fined Merrill Lynch International more than £13m for transaction reporting failures, the highest penalty of its kind ever recorded.
United Kingdom | 22 Apr 15
Lloyds Private Banking launches retirement planner
Lloyds Bank has launched a new financial planning tool in the wake of the UK pension reforms to help its private banking clients plan for their retirement.
Tax & Regulation | 21 Apr 15
British IHT bills likely to average over 130K
UK families are facing average inheritance tax bills of up to £130K; according to research from Canada Life International; highlighting the need for more planning to reduce the liability.
United Kingdom | 21 Apr 15
Sesame to close Financial Adviser School
Advisory network giant, Sesame, is to shut down its Financial Adviser School as part of its wider efforts to return the business to profit.
Investment | 20 Apr 15
IFA complaint investigation and handling firm launched
The first independent and impartial service which will investigate and handle complaints against UK based financial advisers has been launched.