News by: Alex Steger
A US-based brokerage and two of its executives are facing a $100 million (£59 million) lawsuit over allegations that they played a ‘pivotal role in a major international fraud’.
The number of claims management firms has fallen following tighter regulation by the Ministry of Justice.
AIM-listed IFA consolidator AFH Financial has acquired Edinburgh-based Finlay Gow & Company.
The Financial Conduct Authority has criticised price comparison websites after a thematic review found some sites were failing to meet regulatory standards.
National advice group Chase de Vere is to give financial advice to customers of newly-launched mutual the Family Building Society.
NS&I has said Scottish savers will not be able to invest in premium bonds or other products, in the event of independence.
MPs have attacked plans for HM Revenue & Customs to raid individuals’ bank accounts to recover unpaid taxes.
Celebrity investors including the singer George Michael, TV presenter Anne Robinson and actor Michael Caine are among more than 1,600 people who attempted to shelter £1.2 billion through a tax avoidance scheme, according to reports.
The average pay for FTSE 100 chief executives has fallen for the second year running due to shareholder pressure and regulatory changes.
Chase de Vere has set aside £4 million to cover complaints and redress costs related to legacy advice on unregulated investments.
A former government pensions adviser has attacked the chancellor George Osborne’s plans for increased pension flexibility.
Renowned fund manager Neil Woodford has unveiled the top 10 holdings in his new fund that he believes are built to last.
The Serious Fraud Office is investigating an allegation of fraud against a number Stirling Mortimer Global Property funds.
Listed advice firm European Wealth has grown assets by 24% to £820 million over the last 12 months.
Fund manager Fidelity has thrown down the gauntlet to rival investment firms as it seeks to reform executive pay.
National advice firm Mattioli Woods has seen assets under advice increase by 27% over the last year to hit £4.6 billion.