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Regions Spotlight

M&G not liable after son steals from account

United Kingdom | News 20 Jul 18

Ex-doctor posted IFA hit on dark web over £300,000 tax bill

A once respected rural GP flagged his former IFA for a contract killing after an investment went sour, a court has heard.

Alternatives | News 20 Jul 18

Classic cars breaking auction records in 2018

A record price for a British car at auction is indicative of a strong season for classic car collectors.

Property fund slams closure of Serious Fraud Office case

Commodities | News 20 Jul 18

Failed Columna fund targeted by financial investigator

Switzerland-based financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092, €343,963) for a client who invested in the failed Columna Commodities fund.

Best Practice | News 20 Jul 18

UK IFAs facing advice 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.

Founder of giant EU adviser training body ‘undimmed’ by Brexit

Asia | 20 Jul 18

Under-fire Aussie insurer unveils adviser training programme

On the back of strong criticism over how AMP has treated clients, Australia’s largest advice firm has launched a training and development programme to “meet the growing demand for high-quality financial advisers”.

All DB pension transfer firms face FCA grilling

News 19 Jul 18

Bid to recover £21m lost in boiler room scam

The Pension Regulator (TPR) has appointed Dalriada Trustees to clean up a £21m defunct pension scheme.

AJ Bell to compensate Sipp client for ‘significant injustice’

News 19 Jul 18

UK compensation scheme battles death bond fund

The UK’s Financial Services Compensation Scheme (FSCS), which helps consumers when authorised financial services firms fail, is battling to recover money paid out to investors in a fund that went into liquidation but has since resumed making distributions.

EU tax haven blacklist to lose two more names

Asia | 19 Jul 18

Bank of Asia targets high net worths from the Caribbean

The British Virgin Islands is now home to the Bank of Asia, a fully digital, cross-border bank looking to address the growing needs of offshore companies, individuals and high net worth individuals.

Africa | 18 Jul 18

Allianz acquires Nigerian insurer

Germany’s Allianz has completed the acquisition of Ensure Insurance in Nigeria, taking its presence up to 17 countries across Africa.

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