The FCA has halted regulated business at ‘no client’ Mayfair-based financial adviser Kingsbridge Capital Advisors Ltd (KCAL) over non payment of FCA fees. KCAL appealed the matter to the Upper Tribunal on 28 December but on 18 May withdrew its reference to the Tribunal by consent. As a result of the withdrawal of the appeal, […]

  Campaigners have launched a new group to fight pensions inequalty with the backing of over 20 pensions companies and organisations. The Pensions Equity Group has been launched this week with help from the PLSA (Pensions and Lifetime Savings Association) and is backed by a coalition of over 20 substantial pension companies and organisations. The […]

Investment and energy provider Octopus Group has launched a workplace-channel financial guidance brand. Octopus Money will offer customers their own money coach or financial adviser and will offer advice on areas such as investment and pensions. It will also offer a one-to-one budgeting support service. Octopus said Octopus Money aims to help employers improve their […]

The Financial Services Compensation Scheme is probing two overseas-based adviser firms which used used EU ‘passporting’ rules to advise UK clients on pension transfers. Irish firm Wellington Court FS Ltd and Portuguese firm Abana Unipessoal Lda were both ‘passported’ into the UK under the EU Insurance Distribution Directive, allowing them to transact business in the […]

Two brothers have been convicted of fraud and money laundering after taking £750,000 out of a failed peer-to-peer style investment firm. Peter and Andrew Currie were prosecuted by the Financial Conduct Authority. At Southwark Crown Court on Monday Peter Currie (59) was convicted by unanimous verdicts of two counts of fraud and one of money laundering while […]