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Regulation

Regulation

FOS rules Chase de Vere wrong to put 65% of client's SIPP in UCIS

The Financial Ombudsman Service (FOS) has ruled national adviser Chase de Vere gave unsuitable advice when it recommended a client put most of his pension in high risk unregulated schemes just six years before he retired.

clock 04 September 2014 •

Regulation

Jet setting FCA: Foreign travel tops regulator's board expense claims

The Financial Conduct Authority's (FCA) directors racked up expense claims between April last year and this March of £61,887, mainly to cover the cost of foreign travel for the chairman, chief executive and supervision director.

clock 03 September 2014 •

Regulation

SimplyBiz launches events on sunset clause

Support services provider SimplyBiz is launching a series of events focusing on investments and the sunset clause.

clock 03 September 2014 •

Regulation

SFO investigating £120m Axiom fund and founder

The Serious Fraud Office (SFO) is investigating the suspended £120m Axiom Legal Financing fund and its founder Tim Schools, Professional Adviser understands.

clock 01 September 2014 •

Regulation

Solicitor mastermind behind failed £120m Axiom fund struck off

A solicitor who masterminded the now collapsed £120m Axiom Legal Financing fund has been struck off for "serious and continued" misconduct at one of the main law firms that received money from the fund.

clock 29 August 2014 •

Regulation

Coutts sets aside £110m to cover potential advice redress

Coutts has put aside £110m to compensate clients who may have been sold unsuitable investments over the past 60 years.

clock 29 August 2014 •

Regulation

A web of deceit: How one IFA's trickery led to his downfall

A web of deceit: How one IFA's trickery led to his downfall

clock 29 August 2014 •

Regulation

FCA hits London adviser with £350k fine for mis-selling UCIS

The Financial Conduct Authority (FCA) has fined the director of a London advice firm £350,000 and banned him from practising for mis-selling high risk unregulated collective investment schemes (UCIS).

clock 29 August 2014 •

Regulation

FCA fines Deutsche Bank £4.7m for reporting failures

The Financial Conduct Authority (FCA) has fined Deutsche Bank £4.7m for incorrectly reporting financial transactions for six years between November 2007 and April 2013.

clock 28 August 2014 •

Regulation

HSBC to fight £151m Keydata lawsuit

HSBC has vowed to fight a $250m (£151m) lawsuit brought against it over its alleged involvement in the Keydata scandal.

clock 27 August 2014 •
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