Deutsche Bank is set to be hit with a fine worth more than $1.5bn(£1.02bn) in what would be the biggest penalty imposed for manipulating Libor. The German bank is in negotiations with agencies in the UK and US to settle the allegations in which a Deutsche Bank subsidiary could also plead guilty as part of a […]
Financial education organisation ifs University College has launched a new pension transfer qualification following the FCA’s proposals to tighten advice in the area. Last month, the regulator revealed plans to require all transfers out of defined benefit schemes to be undertaken by advisers with a pension transfer specialist qualification. Transfers from other “safeguarded benefits”, such […]
Apfa has failed to submit a request to the National Audit Office to review the costs of the Financial Services Compensation Scheme, despite publicly calling for it almost two months ago. In February, Apfa published a press release calling on the NAO to conduct a value for money audit on the FSCS’s strategic projects. The […]
One Friday night a few weeks ago, I was relaxing on the sofa when my work phone rang. The number was withheld and given the time I was tempted to leave it. But I picked up the call and I am so glad I did. Because it was a client. Her 40-year-old husband had died […]
In 2016, Cormac Weldon expects the economy in the US to favour selected smaller companies in housing, airlines and technology.
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