The Financial Conduct Authority has written to investors in Novus Black Fund UK Ltd about "significant losses" not reported to them by the alternative investment fund.
Read more ...FCA warns alternative fund holders over unreported losses
- Thursday, 24 October 2024
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The FCA said it is unable to comment any further at tis time, but will provide further updates in due course.
FOS received 485 complaints about SJP in H1
- Thursday, 24 October 2024
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FOS offices
The Financial Ombudsman Service (FOS) received 485 new complaints about wealth manager St James’s Place in the first half of 2024 - almost double the previous half year - despite total complaints for the pensions and investments sectors falling.
Read more ...FSCS declares Cornwall firm in default
- Thursday, 24 October 2024
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FSCS website
The Financial Services Compensation Scheme has declared in default Cornwall-based investment firm European American Capital Services Limited which traded as EA Capital (FRN: 401897).
Read more ...Fidelity adds pair of sustainable active fixed income ETFs
- Wednesday, 23 October 2024
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According to Fidelity, the ETF market continues to show strong growth, with assets under management up 50% year to date.
Fidelity has launched two new fixed income active exchange-traded funds (ETFs) to its sustainable active ETF range.
Read more ...FCA halts ISA manager over serious concerns
- Wednesday, 23 October 2024
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FCA logo
The FCA has halted ISA business at crowd-funding platform Nextcrowd over concerns about potential “serious regulatory breaches.”
Read more ...7 in 10 think retiring in 60s a thing of the past
- Wednesday, 23 October 2024
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With Brits living longer, the majority (75%) of those surveyed agreed that living longer means we should work longer
Over two thirds (69%) of Britons believe retiring in our sixties will become a thing of the past, according to new research.
Read more ...Evelyn Partners closes legacy execution-only arm
- Wednesday, 23 October 2024
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Paul Geddes
Financial Planning and professional services firm Evelyn Partners saw assets under management and advice (AUM/A) rise 13% year-on-year to £62.7bn at 30 September.
Read more ...IMF upgrades UK growth forecast
- Tuesday, 22 October 2024
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Chancellor Rachel Reeves
There was good news for the government today ahead of next week's Budget after the International Monetary Fund upgraded its UK GDP forecast for 2024 to 1.1%, up from 0.7% in July.
Read more ...Pensions minister confirms commitment to dashboards
- Tuesday, 22 October 2024
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The Pensions Minister made a written statement to the House of Commons
Pensions minister Emma Reynolds today confirmed the government “is committed to the delivery of Pensions Dashboards” in a written statement to the House of Commons.
Read more ...Adviser confidence in their service is high
- Tuesday, 22 October 2024
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Advisers are confident in their service
Financial Planners and advisers have very high confidence in the service they provide their clients but are much less impressed by some issues that are not in their immediate control.
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