FCA
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
UK pension scam victims lose £91,000 each
Research shows 253 victims lost more than £23m to pension scams in 2017
Tax & Technical | 9 Aug 18
International sandbox to look at cross-border innovation
Dubai, Australia, Hong Kong, Singapore and the US and UK are to collaborate on an innovation network
Harlequin adviser banned and fined $60,000
The chief executive of a UK advice firm that distributed high-risk Harlequin products has been banned from holding any significant positions of influence or senior management.
Investment | 1 Aug 18
FCA overestimates platform leverage with fund houses
The UK’s Financial Conduct Authority (FCA) has failed to recognise platforms with whole of market fund offerings lack the negotiating power of their peers who have buy lists or limited fund ranges as it calls on the industry to drive down fund fees on behalf of consumers.