Wealth managers
Wealth managers
Wonga will write off the debts of 330,000 customers, worth £220m, after the FCA found flaws in its system for assessing the ability of borrowers to pay back their debts.
02 October 2014
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1 min read
Wealth managers
Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).
30 September 2014
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Wealth managers
A financial adviser has been charged with 12 counts of fraud which is said to have netted him over £1m worth of clients assets.
30 September 2014
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1 min read
Wealth managers
The Financial Conduct Authority (FCA) has charged the former treasurer and head of tax at supermarket giant Morrisons with insider dealing.
30 September 2014
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1 min read
Investment
Eight staff members have been dismissed by Lloyds following an investigation into the LIBOR rate fixing scandal that saw the bank fined £218m.
29 September 2014
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1 min read
Wealth managers
The Financial Conduct Authority has created a dedicated fund supervision unit to regulate and monitor individual retail funds for the first time, in a bid to better safeguard investors and consumers.
26 September 2014
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2 min read
Wealth managers
A financial advisory business can permit its advisers to refer clients to specialist colleagues within the company and remain independent, following an about-turn by the Financial Conduct Authority (FCA).
25 September 2014
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1 min read
