FCA fines Charles Schwab £9m for failing to protect client assets
US investment giant also failed to get correct permissions and made a false statement
News
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SJP veteran Chris Ralph exits after 11 years
Former CIO will remain at the wealth manager in a non-executive capacity
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FCA admits ‘mistakes’ after scathing reports on mini-bond and collapsed fund scandals
‘We are profoundly sorry for the mistakes we have made’
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Coronavirus weekly round-up: Boris refuses to ‘cancel Christmas’ as Covid cases surge in the South East
Four investors mull the events shaping portfolios over the past week
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Polar Capital snaps up Dalton Strategic Partnership for European push
Acquisition will provide Polar with its first Luxembourg Sicav as it eyes European expansion
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Schroders raises another £75m from second trust IPO in a month
Schroder BSC Social Impact is the third investment trust from the funds giant tapping into UK private markets
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SJP announces Threadneedle founder as next chairman
Paul Manduca is currently chairman of Prudential and Templeton Emerging Markets Investment Trust
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Nick Train admits his 20th year running Finsbury Growth & Income was disappointing
Investment trust outperforms the FTSE All Share but still falls over 10% for the year
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Charles Plowden regrets Zoom miss as Baillie Gifford colleagues rake in millions
Zoom’s share price has increased over fivefold thanks to the Covid crisis
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Axa Framlington fund manager Jamie Hooper exits after 14 years
Nigel Yates brought in to take over UK Growth while Managed Balanced also faces shake up
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Findlay Park partners raked in £92m amid Covid outbreak
Findlay Park American has returned 12.4% in 2020
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Woodford law firm urges FCA to better protect retail investors using platform buy lists
Leigh Day points out where platform investors need to be better protected under FSMA and the FSCS