News
DFMs hindering trust take-up on platforms
Discretionary fund managers’ lack of willingness to use investment companies in model portfolios is hindering their adoption on advised platforms, according to the Lang Cat.
Mis-sold Sipp complaint upheld in rare move
The UK’s Financial Ombudsman Service (FOS) has upheld a mis-selling complaint involving an unregulated introducer and self-invested personal pension (Sipp) provider Guinness Mahon.
Generali to sell majority stake in German life company
Italy’s Generali Group has agreed to sell a majority stake in Generali Leben to a German life insurance portfolio management company, in a deal that values the business at around €1bn (£882m, $1.17bn).
Best Practice | news 5 Jul 18
FCA told to engage more with professional bodies
A financial services alliance representing 200,000 global members is demanding the UK’s Financial Conduct Authority (FCA) does more to support professionalism in the industry.
Canaccord responds to IA action over Holborn
In light of the regulatory action by the UAE Insurance Authority against Holborn Assets, Canaccord Genuity Wealth Management has told International Adviser that it is “keeping the matter under review and looks forward to the conclusion of the regulator’s findings”.