United Kingdom
Tax & Regulation | 15 Dec 15
Threadneedle fined £6m over Gersamia fraud case
Threadneedle Asset Management has been fined more than £6m by the FCA following an attempted fraudulent trade involving a former emerging market debt fund manager Vladimir Gersamia.
Tax & Regulation | 15 Dec 15
New UK secondary annuities market greeted with caution
The UK financial services industry has cautiously welcomed the government’s plans to extend its pension freedoms and create a new secondary annuities market by giving more than five million people the ability to sell their annuity from 6 April 2017.
Investment | 14 Dec 15
Investment Association announces three-way split
The Investment Association has announced it is to be split into three core divisions as part of an organisational restructure.
Tax & Regulation | 14 Dec 15
UK Treasury to consult on handing buy-to-let powers to BoE
The Treasury is expected to launch a consultation this week aimed at handing increased oversight of the UK’s buy-to-let mortgage market to the Bank of England (BoE).
Tax & Regulation | 14 Dec 15
FCA assessing barriers to social investment
The UK’s Financial Conduct Authority (FCA) has launched a public consultation on how well the social investment market regulation is functioning.