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A former rogue trader at UBS has won a temporary reprieve in his fight to stay in the UK. Kweku Adeboli, who was jailed for his role in a £1.6bn fraud at the bank, was not allowed to appeal a deportation request against him, but several politicians have intervened, according to the BBC, causing a […]
The European Securities and Markets Authority has extended its ban on so-called “binary options” products for another three months. Esma and the FCA have issued a number of warnings over the products, also known as contracts for difference, over their use of leverage, commissions and complexity, arguing that they can present a risk to retail […]
Nottingham Building Society is the second business to offer a cash Lifetime Isa, despite uncertainty around the government’s commitment to the product. A Treasury select committee report in July proposed getting rid of the Lifetime Isa altogether. The committee said its inquiry received “strong criticism” of the Lifetime Isa over its complexity, its “perverse incentives” […]
The Chartered Institute for Securities and Investments has called on planners to sign up to it’s Financial Planning Week initiative in which consumers will be offered free one-hour advice sessions. The annual pro bono initiative run by the CISI will take place from 3-10 October. The CISI is encouraging planners to consider the opportunity of […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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