News
UK lifeboat scheme off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
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.
Blackrock beats Vanguard in passive ratings
Blackrock’s iShares has fended off Vanguard to retain the top spot in FE’s latest Passive Crown ratings list.
Tax & Technical | news 2 Aug 18
Fears UK taxman is planning fishing trips
Legal experts are worried the removal of tribunal oversight on financial data requests from HM Revenue & Customs will launch speculative “fishing expeditions” against taxpayers.
Axa Life Europe sold in €1.2bn deal
French insurance giant Axa is to sell its Dublin-based closed book life business to private equity firm Cinven in a deal worth €1.17bn (£1.1bn, $1.4bn).