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SFO seeks retrial of ex-Barclays Libor traders

The Serious Fraud Office is seeking a retrial of two former Barclays Libor traders, whose previous trial came to an end last week. Traders Ryan Reich and Stelios Contogoulas were trialled previously, but a jury failed to reach a decision, following two weeks of deliberation. At the same trial three former employees of Barclays were found […]

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FCA: ‘We are not failing to consult on adviser fees’

The FCA has rebuffed claims that it is failing to properly consult on adviser fees and levies due to the timing of its publications. The regulator published its policy statement on fees today, confirming plans to set the total adviser levy at £73.7m for 2016/17. The policy statement reveals the FCA has come in for […]

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British Bankers’ Association to vote on rival trade body merger

The British Bankers’ Association is set to vote today on plans to merge with rival trade bodies. Sky News understands that the banking association is planning to vote today on plans become part of a mega merger of trade bodies, which will represent the broader financial services industry. Other trade bodies have voted to merge […]

Woodford eyes higher income fund launch

Woodford Investment Management has been canvassing private investors and advisers to test appetite for the launch of a second equity income fund later this year. The new income fund would target yield of up to 4.5 per cent, higher than the 3.7 per cent yield of the firm’s existing £8.7bn Woodford Equity Income fund. In a […]

Introducing Trevor Greetham

Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]

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