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FCA slaps £27.6m fine on UBS over reporting failures

UBS has been fined £27.6m by the regulator after misreporting close to 136m transactions over a ten-year period. Between November 2007 and May 2017, the Switzerland-based bank failed to report a number transactions as required but also reported cases that did not require it. The FCA says UBS failed to provide complete information on 86.67m […]

How advisers invest: ‘We can’t know everything in every asset class and area’

EQ Investors head of investment Sophie Kennedy explains how impact investing has become the USP for the company’s offering to external advisers Do you outsource investment management, keep it in-house or combine both approaches?We offer financial planning and investment management, so we are all in-house. We have managed money for internal clients but one of […]

Pimfa: Diversity is vital to attracting talent

Diversity and inclusion are a key issue for the financial services sector. Not only does getting it right positively impact the bottom line, but it affects the perception of our industry, which is vital given our need to attract talent. McKinsey’s 2018 Delivering Through Diversity report found companies in the top 25 per cent for […]

Standard Life 480

Standard Life returns to equity release after a decade

Standard Life has returned to the equity release market after more than a decade in a tie-up with specialist broker Age Partnership. The life company previously had a lending arm called Standard Life Bank which offered equity release mortgages until 2008 when it joined many rivals in retreating from the sector as the financial crisis […]

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900 advisers let go as major Australian bank exits market

One of Australia’s biggest banks, Westpac, is expecting to cut 900 full-time roles as it prepares to drop its loss-making financial advice business. This follows the nation’s 14-month long Royal Commission into misconduct in the banking, superannuation and financial services industry. Melbourne-based Viridian Advisory has struck a deal with Westpac for an undisclosed sum which […]