United Kingdom
DeVere’s UK profits hit by regulatory investigation
Significant costs push annual losses up 30%
IFAs claim ombudsman biased towards complainants
In a recent IFA survey, 83% thought the financial ombudsman treated them as “guilty until proven innocent”
Firm set up by jailed IFA must cease regulated business
The founder is serving seven years in jail for a range of offences, including sexual assault
Investor gives evidence in Lumiere trial
A widow in her late 70s claims the firm lost £600,000 of her money through poor investments
Architas UK inflows drop 70%
Axa-owned multi-manager joins the rank of fund groups hit by volatile markets in H1