News
FCA drops investigation into Scottish Widows
There is “insufficient basis for taking any enforcement action” against Scottish Widows following a review of the firm’s fair treatment of longstanding customers, the Financial Conduct Authority announced on Tuesday.
HSBC unveils Asia wealth strategy
HSBC has revealed plans to expand insurance and wealth management divisions in China as part of strategy refresh.
Old Mutual reveals managed separation price
Old Mutual Wealth (OMW) has revealed its float price and expected market capitalisation following its managed separation from its parent Old Mutual
Machines to help run Blackrock equity range
Blackrock has launched six active equity funds in Europe that will combine “human and machine” management.
Fraudster ordered to hand over inheritance to pay fine
A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).