Legg Mason pays $71m to settle bribery case
Asset manager bribed Libyan officials to land $1bn worth of investment business
Author: Kirsten Hastings
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AFH funds top £3.5bn on biggest acquisition to date
Wealth manager buys 11th firm in a year
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FBI adds UK investment scammer to most wanted list
Precious metal scam defrauded $400,000 from at least 12 victims
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Cryptocurrency scams net £2m in two months
Victims lost £10,000 on average in the ‘get rich quick’ con over June and July
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UK Insolvency Service shuts down rogue investment scheme
Investors were quoted returns of 10-15% per week or month
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FSCS off the hook for Beaufort compensation
The UK’s Financial Services Compensation Scheme (FSCS) will not have to pay full compensation to clients of collapsed Beaufort Asset Clearing Services after the High Court approved a plan to return client money and assets.
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AFH Group boss slams platforms as ‘dead weight’
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
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Public blasts bid to ‘kill off’ pensions dashboard
A petition fighting plans to scrap a dashboard that would bring together information about UK pensions has garnered nearly 85,000 signatures of support in just six days.
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Advisers face suitability review in 2019
The Financial Conduct Authority has outlined plans to re-assess the suitability of retail investment advice in 2019, according to its latest annual report.
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Pacific Asset Management partners with UK advice firm
The asset management arm of Pacific Investments Group has entered into a strategic partnership with financial advice business Chartered Financial Management (CFM(UK)).
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RLAM targets advisers with bond fund
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
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Hedge funders launch robo adviser for Isa investors
Negativity around robo and investment technology a few years ago prompted former hedge fund executives Ian Cadby and Jonathan Wauton to get into the online wealth management space, culminating in the launch of platform Tiller on Monday.
