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FCA fines director £59k for insider trading

A director has been fined £59,557 for insider trading and publicly censured for improper disclosure in which he attempted to avoid a loss of £242,000. Gavin Breeze – who holds several directorships at private companies – attempted to sell his entire 8 per cent stack in ecommerce business MoPowered, when the chief executive of the […]

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FCA sets out Priips impact on rulebook

The FCA has published a consultation paper detailing how the disclosure rules in the FCA handbook will be amended when the Packaged Retail and Insurance-based Investment Products  regulation takes effect on 31 December. Under the new rules, firms will be required to provide a consumer-friendly key information document for each product, outlining its benefits, risks […]

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Old Mutual acquires Yorkshire advice firm

Old Mutual Wealth Private Client Advisers has acquired West Yorkshire advice firm Beaumont Robinson, which has £250m assets under advice. Staff and management at Beaumont Robinson, which has more than 850 clients, will stay with the business. Managing director Michael Wall will take on the role of Old Mutual Wealth Private Client Advisers regional director. […]

Onshore bonds: Still going strong 

Onshore bonds are a once-beloved product, now seemingly ignored by many advisers in favour of the supposedly more glamorous international investment bonds or collective investments. Yes, most onshore bonds don’t have ‘open architecture’ and none deliver exemption from tax on capital gains at fund level or the ability for investors to use their annual exemption […]

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