The FCA has fined HSBC Bank plc (HSBC) £63.9m for long-term failings in its anti-money laundering processes.
Read more ...Lexington Wealth gains Accredited CISI status
- Friday, 17 December 2021
- Articles
Wiltshire-based Lexington Wealth Management has gained CISI Accredited Financial Planning Firm status.
Read more ...Govt pays £91m to LCF victims in 3 weeks
- Thursday, 16 December 2021
- Articles
The Financial Services Compensation Scheme (FSCS) has paid out £91.1m to 7,750 LCF bondholders under the government’s compensation scheme in three weeks.
Read more ...IWP acquires £135m wealth manager in 30th deal
- Thursday, 16 December 2021
- Articles
Rapidly expanding Financial Planning-focused advisory group Independent Wealth Planners (IWP) has acquired Throgmorton Wealth Management in its 30th acquisition deal.
Read more ...North-South wealth divide exacerbated by planning gap
- Thursday, 16 December 2021
- Articles
The North-South wealth divide is being exacerbated by fewer northerners having a financial plan in place, according to a new report.
Read more ...Transact inflows up 34% to a record £7.7bn
- Thursday, 16 December 2021
- Articles
Adviser platform Transact has reported a record £7.7bn of gross inflows for the year ending 30 September.
Read more ...CII to boost branches with £1.5m windfall
- Thursday, 16 December 2021
- Articles
The Chartered Insurance Institute has reinstated its funding for local institutes for 2022.
Read more ...GAM fined £9.1m by FCA over conflicts of interest
- Thursday, 16 December 2021
- Articles
GAM International Management Limited (GIML) has been fined £9.1m by the Financial Conduct Authority after an investigation into conflicts of interest.
Read more ...Bank of England raises base rate to 0.25%
- Thursday, 16 December 2021
- Articles
The Bank of England has increased its base rate from 0.1% to 0.25% today, the first rise in rates for three years.
Read more ...FOS plans £44m increase in budget as cases rise
- Wednesday, 15 December 2021
- Articles
The Financial Ombudsman Service is planning to increase its budget by £44m to £283.8m in 2022/23 to cope with an expected increase in more complex cases.
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