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Ex-Barclays Wealth boss censured by court after FCA battle

The Upper Tribunal has found that Andrew Tinney, the former chief operating officer of Barclays Wealth, breached his obligation as an approved person to act with integrity. The update published on the FCA’s website today explains the reasons for the publication of the ruling. In March 2012, Tinney received a document which contained critical findings […]

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FCA heads on six-date national tour for broker feedback

The Financial Conduct Authority has announced six Q&A roundtable sessions to be hosted across the UK. The regulatory body will be going to Glasgow, Newcastle, Birmingham, London, Manchester and Newport. Each event, titled “ask the regulator”, will be 90 minutes long and will feature FCA and industry representatives. According to the FCA, the sessions are […]

British Steel lines up rescue talks with Turkey’s military pension fund

Turkish army pension fund Ataer Holding is in exclusive talks to buy out British Steel. Ataer has signed an agreement with The Insolvency Service Official Receiver after several bids for British Steel were made, the Insolvency Service has announced. The preferred bidder Ataer has confirmed its intention to take on the steel making business and […]

Standard Life Aberdeen confirms details for share buyback plan

Standard Life Aberdeen has confirmed timings and other details for its share buyback plan. In a stock exchange announcement this morning, the group, which houses platforms Wrap, Elevate and Parmenion, asset managers Aberdeen Standard Investments and Aberdeen Standard Capital, and financial planner 1825, said that purchase of shares would begin today, 16 August 2019, and […]

Under-fire Burford Capital loses chair

Litigation finance investors Burford Capital will undergo a shakeup of top staff as a battle around allegations of market manipulation and conflicts of interest heats up. The firm announced last night that City veteran Peter Middleton will step down as chair while chief financial officer Elizabeth O’Connell been replaced with Jim Kilman, a former Morgan Stanley […]

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Annual allowance taper should go, army pensions chief says

The chief executive of the Forces Pension Society, the military’s pensions watchdog, has backed calls to scrap the annual allowance taper. Speaking to the Financial Times, major general Neil Marshall says that the government’s current plans to introduce flexibility to the taper amid criticism it is causing high-ranking doctors to cut their hours or retire […]

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Scam victims misled over Action Fraud investigations

Fraud helpline staff acting on behalf of police are trained to mislead victims into believing their cases are under investigation, and will be solved, The Times has claimed. The Times undercover investigation into Action Fraud, which is overseen by the City of London Police, found that staff at the call center, outsourced by the US […]

How platforms use innovation to harness new audiences

Our industry faces great challenges from creating solutions for new generations of investors to navigating rapid technological and regulatory change. However, by collaborating with industry partners and harnessing investment innovation, platforms can not only embrace these challenges but begin to introduce investment platforms to a broader client universe. This demand means not only an evolution […]