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News

Regulation

Former FOS chief Ceeney joins HSBC

The former chief executive of the Financial Ombudsman Service (FOS), Natalie Ceeney, has joined HSBC bank to head up its UK customer standards department.

clock 31 January 2014 •

Regulation

Chase de Vere raises hourly fee to £250

IFA firm Chase de Vere has increased its hourly adviser fee to £250 after completing an annual review into its pricing structure.

clock 31 January 2014 •

Wrap/platforms

Scottish Friendly launches onshore bond on Ascentric

Scottish Friendly has launched an open architecture onshore bond on Ascentric and IFDL with a 0.35% wrapper charge with no set up costs.

clock 31 January 2014 •

Regulation

Nearly half of Arch Cru redress advisers referred to FSCS

More than 40% of the 353 advisory firms embroiled in the Arch Cru redress scheme have now been referred on to the Financial Services Compensation Scheme (FSCS), the Financial Conduct Authority (FCA) has confirmed.

clock 31 January 2014 •

Investment

Cazenove fund charges to rise after Schroder rebrand

The charges on Cazenove Capital's fund range will rise when they are rebranded under the Schroders name in March.

clock 31 January 2014 •

Pensions

Bestinvest targets SIPP accounts with 30bps clean pricing

Bestinvest looks set to target the mid-tier self-invested personal pension (SIPP) market after revealing a clean pricing model beginning at 30bps for SIPP accounts below £250,000.

clock 31 January 2014 •

Regulation

FCA fines State Street UK £23m for overcharging clients

State Street UK has been fined £22.9m by the Financial Conduct Authority (FCA) for overcharging clients on a range of financial transactions.

clock 31 January 2014 •

Investment

Friends Life launches master trust for auto-enrolment

Friends Life has launched a ‘master trust' to help employers offer a pension scheme which has the governance of an independent trust-based arrangement.

clock 31 January 2014 •

Regulation

Aberdeen AM warns clients over internet scam

Aberdeen Asset Management is warning investors to watch out for a scam artist claiming to represent the firm.

clock 31 January 2014 •

Investment

Director of Chartered firm among 13 charged over £2.5m film tax fraud

A financial adviser is among 13 people charged in connection with allegations that they conspired to cheat HM Revenue & Customs (HMRC) out of £2.5m of tax via a complex film scheme designed for that purpose.

clock 31 January 2014 •
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