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FCA fines Aviva £8.2m for client money failings

Aviva has been fined more than £8.2m by the FCA for not having appropriate controls over its outsourced providers to ensure client assets were protected. The £8.25m fine for Aviva Pension Trustees UK and Aviva Wrap UK is the first the FCA has handed out for oversight failures in outsourcing arrangements for client assets. The FCA says Aviva failed to put in place appropriate […]

Govt confirms Help to Buy will close at end of year

The Government has confirmed it will end the Help to Buy 2 scheme at the end of the year, according to the Telegraph. The H2B2 scheme was launched in January 2014 as the Government’s remedy for a sluggish high-loan-to-value market. Lenders could buy a guarantee from the Government to cover any losses on 80-90 per […]

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