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News

Investment

Insurers sign up to ABI charges code

A group of 14 insurers have signed up to a code of conduct on charge disclosure drawn up by the Association of British Insurers (ABI).

clock 11 January 2013 •

Investment

Meeson played 'leading role' in £5m pension fraud

Former tax boss Andrew Meeson played a leading role in a "blatant" £5m pension tax relief scam, a court heard.

clock 11 January 2013 •

Investment

FSA castigates exec-only firm Baronworth and CEO Jackson

The Financial Services Authority (FSA) has taken action against Ilford-based non-advisory business Baronworth Investment Services - and its chief executive Colin Jackson - for failing to ensure its direct-offer financial promotions were ‘fair, clear and...

clock 11 January 2013 •

Pensions

'Overkill' SIPP cap ad rules unlikely to change - provider

The Financial Services Authority's (FSA's) hike in capital adequacy for self-invested personal pension (SIPP) providers is ‘overkill' but it is unlikely the regulator will change tack, according to one provider.

clock 11 January 2013 •

Equities

RBS execs 'under pressure to resign' over LIBOR rigging

Two executives at Royal Bank of Scotland (RBS) are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

clock 11 January 2013 •

Economics / Markets

Japan pulls trigger on $116bn stimulus package

The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package to shore up its flagging economy.

clock 11 January 2013 •

Regulation

'Dracula and The Wolfman': IFA raises TCF concerns over closed companies with FSA

An IFA is planning to raise with the Financial Services Authority (FSA) concerns he has that some closed fund companies are not treating customers fairly.

clock 11 January 2013 •

Economics / Markets

Henderson's Savill and Casson exit in manager shake-up

Henderson's European equity managers Bill Stormont and Paul Casson have both left the firm, along with smaller companies manager Simon Savill.

clock 11 January 2013 •

Regulation

Kaupthing probe cost SFO £1.3m

The Serious Fraud Office (SFO) spent £1.3m on its ill-fated investigation into the collapse of Kaupthing Bank, a Freedom of Information (FoI) request has revealed.

clock 11 January 2013 •

Managed solutions

Premier shakes up managers on Alternative Strategies fund

Premier has hired former Framlington CIO Neil Birrell to run its £63m Alternative Strategies fund, after co-manager Raj Hallen exited the firm.

clock 10 January 2013 •
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