News
Qatar licences first family office advisory firm
FACT Middle East, a specialist family office business, has been granted a licence by the Qatar Financial Centre Authority (QFCA) and is now fully operational in the Persian Gulf state.
United Kingdom | news 15 Apr 15
FCA fines BNY Mellon £126m for insolvency protection failings
The UK’s Financial Conduct Authority has fined the Bank of New York Mellon’s London and International branches £126m for failing to comply with rules protecting clients against insolvency.
Old Mutual boss to step down
Old Mutual’s Julian Roberts has stepped down from his role as chief executive after seven years and will be succeeded by Bruce Hemphill.
United Kingdom | news 15 Apr 15
Expect exodus from large wealth managers to continue – IFP
Financial services professionals will continue to leave wealth management heavyweights in favour of the relative freedom of smaller firms, according to IFP chief executive Steve Gazzard.
Retirement | news 14 Apr 15
Gov’t urged to protect ‘insistent’ consumers against DB pension transfers
The Personal Finance Society has written to the UK Government calling for increased protection for clients who insist on cashing in their pensions against the advice of a financial adviser.