United Kingdom
Disbelief as UK lifeboat scheme levy forecast to hit £1bn
As regulators also eye increase to FSCS management budget
People Moves: Julius Baer, Credit Suisse, Manulife
Private bank bolsters Hispanic America team, while rival doubles down on its ESG strategy
Three property investment firms shut down
They misled investors and misappropriated £3m in funds
£3.4bn in property wealth released in 2020
Money was mostly used to boost financial resilience or make gifts to family
Royal London to offer immediate life cover
Clients will not need to wait for medical evidence or the underwriting to be completed