The FSA has fined mortgage broker Gary Lester £103,000 for knowingly submitting 42 mortgage applications to lenders containing false income details and committing mortgage fraud to obtain a loan for himself.
Pictet Funds has launched a Ucits III European long/short equity fund based on an existing Cayman Islands-domiciled hedge fund strategy, the Corto European fund.
The euro has surged against the dollar and the pound after a deal was yesterday agreed between eurozone countries to put together a €30bn or £26.4bn loan package for debt-stricken Greece.
FSA pension-switching advice review
A Conservative government plans to fast track a competition inquiry into concentration in the UK banking sector, which could lead to the sale of stakes in state owned banks as early as next year.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]