UK Adviser
FCA ramps up inquiries by 20 per cent
The UK’s financial watchdog carried out 20% more investigations last year, however, the number of inquiries being closed without reaching a public outcome has doubled in three years.
Standard Life returns to profit in Asia
The Asia and emerging markets division of Standard Life returned to profitability last year after a £5m ($7.7m, 7m) slump in 2013.
RSA exits joint venture in Indian insurer
UK-based firm, RSA Insurance Group has finalised a deal to sell its stake in an Indian insurer for £46m ($71m, 62m).
SIPP holders can now claim full losses
UK consumers who suffered investment losses after being advised to transfer funds into a self-invested personal pension (SIPP) can now claim compensation for the value of their investment.
IFAs pay 52m for Keydata failings
Financial advisers have so far paid £52m in damages for recommending products from failed life settlement provider, Keydata Investment Services.