FCA bans former RBS trader for role in Libor scandal
A former RBS trader has been banned from working in finance and fined £250,000 by the Financial Conduct Authority (FCA) for his role in the Libor rigging scandal.
FSCS system overhauled after Arch Cru compensation failure
Financial compensation calculations have been overhauled following failures which meant beleaguered investors in two Arch Cru funds were underpaid by about £800,000.
Retail space facing £24m bill to cover FSCS shortfall
Wealth managers and advisers are facing a £24m bill to cover a shortfall in funding for the Financial Services Compensation Scheme (FSCS), it emerged this week.
Tilney: Fundamentals not Fomo pushing markets higher
The continued flow of investor cash into equities has been based on improving fundamentals rather than any “fear of missing out”, according to Tilney’s investment chief.
Tax-efficient investing to boom despite heightened risks
Investor interest in tax-efficient EIS funds is expected to rise despite managers being forced into higher-risk investments as a result of recent rule changes.
Symvan launches seed investment fund for UK tech start ups
Symvan Capital is targeting wealth managers with the launch of its third Seed Enterprise Investment Scheme fund for tax-efficient investing in UK startups.