Wealth managers
Equities
Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.
11 February 2014
•
Financial services
The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.
11 February 2014
•
Wealth managers
The transition management industry does not warrant large-scale Financial Conduct Authority (FCA) intervention despite State Street being fined almost £23m for overcharging clients.
10 February 2014
•
1 min read
Wealth managers
HM Revenue and Customers has issued a warning to taxpayers not to be caught out by email phishing scams offering tax rebates in return for bank account or credit card details.
10 February 2014
•
Wealth managers
Former Santander adviser Christopher Wathen has been handed an 11-year bankruptcy restriction after he was jailed for stealing clients' money and using it to fund his lifestyle and to gamble.
07 February 2014
•
Wealth managers
The Financial Conduct Authority (FCA) has appointed former Goldman Sachs managing director James Kelly as an adviser in its wholesale banking and investment management division within the supervision unit.
07 February 2014
•
1 min read
Wealth managers
New data has shown equity funds have been impacted to a far greater extent than bond funds in terms of price following the move to unbundle product fees.
07 February 2014
•
Wealth managers
Treasury committee chairman Andrew Tyrie has accused the regulator of overcharging the advice community and asked for a refund of fees at today's grilling of chief executive Martin Wheatley and chairman John Griffith-Jones.
04 February 2014
•
2 min read
Wealth managers
The interest rate swap mis-selling redress scheme has now paid out more than £306m to affected small businesses.
04 February 2014
•
1 min read
