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FCA warns of fraudulent Axa IM clone

Axa Investment Managers is the latest firm to be cloned by scammers, the FCA has warned. The clone firm has been operating under the name Axa IM with a Northampton address. The FCA warning page says a person called Alan Winks is associated with the clone firm and three email addresses have been set up. […]

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FCA looks to ban debt management boss for client money breaches

The FCA is attempting to ban the boss of a debt management firm for allegedly using client money to purchase the business. Darren Lee Newton purchased First Step from former director Christine Whitehurst in 2013. The FCA argues he funded the deal through client money rather than out of his own pocket. Newton allowed more […]

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FCA figures reveal average advice firm profits

Total earnings by financial advisers increased by 22 per cent to £4.5 billion in 2017, FCA data shows. Figures in the regulator’s latest data bulletin show aggregate pre-tax profits rose 23 per cent to £698m, which the regulator says was driven by growth in headline revenue. Small firms have the highest pre-tax profit margin, at […]

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Barclays mulling merger with rival bank, reports suggest

Barclays could be set for a tie up with a competitor bank in the wake of pressure from one of its largest shareholders. The Financial Times reports that names in the frame include Standard Chartered, which two people close to the situation say was a favoured option of Barclays chairman John McFarlane and potentially supported […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]

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