Regions
United Kingdom | 25 Mar 15
FOS freezes adviser levy and cuts budget
The Financial Ombudsman Service has frozen its compulsory levy which is partially funded by advisers and will cut its budget by 11% over the next tax year.
United Kingdom | 24 Mar 15
Extradited IFA pleads guilty to Ponzi scam
A British-based financial adviser, who fled to Malaysia after his company collapsed, has confessed to setting up a Ponzi scheme which inflicted millions of pounds in losses on investors.
Luxembourg assets under management hit
Assets under management of Luxembourg-domiciled funds reached 3.4trn at the end of February after strong net sales in the first two months of 2015, the Association of the Luxembourg Fund Industry (ALFI) announced at its Spring conference.
United Kingdom | 24 Mar 15
Asset managers should expect increased scrutiny
Suitability standards in the asset management industry are set to come under Financial Conduct Authority scrutiny in 2015/16, the regulator said in its business plan for the period.
Middle East | 24 Mar 15
Global growth concerns soar among ME advisers
Financial advisers in the Middle East are significantly more worried about economic growth than they were a year ago, according to research from Invesco Asset Management.