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Why trustee failures could jeopardise your business
The Trustee Act 2000, which formalised the investment responsibilities of trustees, has never been used in anger: 12 years on, no single significant case has been brought under it.
How Rathbones is using smart beta
Elizabeth Savage, research director at Rathbones, discusses how the firm uses structured products and the main points to consider when selecting exchange traded funds (ETFs).
Rathbones adds to Edinburgh team with WdB hire
Rathbone Investment Management has hired Williams de Broe's Keith MacKenzie, who will join its team in the Scottish capital as an investment manager.
Will FSCS levies cause PI premiums to spike?
Tighter clauses and higher premiums could be in the offing for wealth management firms, as mis-selling claims post-2008 rise.
Adviser FOS complaints fall as PPI claims soar
The number of complaints to the Financial Ombudsman Service relating to IFAs has fallen as the organisation again found itself swamped by PPI complaints.
The FSA's 166-rule costing discretionaries millions
The regulator has used its powers 114 times to order ‘skilled person’ reports in the past year alone, sparking fears it may be burdening wealth managers with unnecessary costs.
Credit Suisse weighs £60m Johim sale
Credit Suisse is considering the sale of wealth manager JO Hambro Investment Management, according to reports.
Smith & Williamson hires former Amundi director Brooks
Former Amundi director Rae Brooks has joined Smith & Williamson's investment management division.
Coutts hires ex-Credit Suisse UK client head Sarosy
Coutts has hired Paul Sarosy as managing director and head of investment solutions.
Clients face £6m loss from failed Edinburgh wealth firm
The Financial Services Compensation Scheme is under more pressure with collapsed Dunedin Independent unable to compensate investors it put into a property-based Ucis.
Close AM enters last leg of restructuring
Close Asset Management's losses have continued, although its parent, Close Brothers, said the restructuring of the business has entered its final stage.
M&G unveils RDR-ready share classes
M&G Investments has outlined how it plans to make sure its fund range is in the right shape for the retail distribution review.
FSA fines Swiss private bank £525k for money laundering failings
The regulator has fined to Habib Bank for failure to take reasonable care to establish and maintain adequate anti-money laundering systems.
JP Morgan's Drew to exit with $32m
Ina Drew, the woman who oversaw the department at the centre of a failed derivatives strategy that cost JP Morgan Chase & Co $2 billion, is set to receive a $32 million pay out on her departure.
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