News
Hong Kong regulator fines BNP Paribas HK$4m for overcharging
The Securities and Futures Commission (SFC) has fined BNP Paribas Wealth Management HK$4m (£393,000, $515,664, €461,793) for overcharging its clients.
Best Practice | news 31 Aug 16
UK pushes ahead with £500 tax free pension advice allowance
The UK Treasury has set out plans to allow savers to take out £500 ($654, €586) from their retirement pots tax free to help pay for financial advice in a bid to plug the ‘advice gap’ following the pension freedoms.
Investment | news 31 Aug 16
SEC fines 13 US advice firms $2.2m over false ETF claims
Thirteen financial advice firms have been fined a combined $2.2m (£1.7m, €1.9m) by the US Securities and Exchange Commission (SEC) for making false claims in relation to the ill-fated ETF manager F-Squared Investments, which filed for bankruptcy last July.
PraxisIFM boosts Middle East growth with acquisition
Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.
North America | news 30 Aug 16
Axa wins landmark US court case over ‘exorbitant fees’
Axa has won a landmark court case in the US against investors who accused the French insurer of charging excessive fees on variable annuity products.