The financial services industry can learn a thing or two about trust, forgiveness and reconciliation from the departed Nelson Mandela, argues Phil Billingham…
The Financial Services Compensation Scheme (FSCS) has begun contacting clients of failed firm Tailormade, which was a major distributor of troubled overseas property company Harlequin Property.
The Financial Conduct Authority (FCA) has fined insurance broker JLT Specialty £1.8m for an "unacceptable" approach to bribery & corruption risks from overseas payments.
Scottish taxpayers will have to pay out £1.6bn a year to fund initiatives set out in the white paper on the country's independence which have not yet been allocated cash, according to Treasury figures.
A service allowing advisory firms to 'sense check' whether they meet the requirements for independence has been launched.
Caroline Rookes, the chief executive of the Money Advice Service (MAS), has hit back at critics of the organisation, saying the MAS is now delivering a "very effective" service and does not "step on the toes" of financial advisers.
The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.