News
Hong Kong regulator targets big guns
In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.
IFAs among 24 firms UK compensation scheme declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
Best Practice | news 15 Mar 18
DB transfers will ‘come to a head’ when stock market falls
When markets fall, consumers who have transferred out of a defined benefit (DB) scheme and started accessing their pots could potentially face a crisis in their retirement, a director from advice firm Tuto Associates has argued.
Best Practice | news 15 Mar 18
Is it the end for the traditional life insurance model?
Phoenix Group’s acquisition of Standard Life’s insurance arm is “testament to the current re-shaping of the UK life insurance industry” and the “break-up of traditional models”, the group’s chairman said.
Outgoing FCA chair warns on cryptocurrency and Brexit
John Griffiths-Jones used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.