Failed IFAs liable for negligent ARM bond advice
Investors of ARM Asset Backed Securities are now able to make successful claims against failed independent financial advisers (IFAs) if it can be proven they gave negligent advice.
Investors of ARM Asset Backed Securities are now able to make successful claims against failed independent financial advisers (IFAs) if it can be proven they gave negligent advice.
Former Keydata Investment Services finance director Craig McNeil has been fined £350,000 and banned from performing any role of “significant influence” relating to life settlement bond sales that took place six years ago.
QROPS provider Sovereign has teamed up with Alexander Beard to give overseas advisers access to the FCA-regulated advice now required for transfers out of defined benefit schemes.
The Financial Conduct Authority has decided to fine Stewart Ford, a former director and chief executive of Keydata Investment Services, £75m for failing to act with integrity and misleading the regulator.
A sea change in regulation within the UAE is paving the way to growth for financial services businesses operating in the region, as both advisers and clients become more aware of the opportunities available.