All articles by Verdict Staff
Verdict Staff
FCA winds up First Capital Wealth
On 18 March 2014, the High Court made a winding up order against First Capital Wealth Limited (FCW) and the Official Receiver became the liquidator of the company whose duties include safeguarding assets and deciding whether to call a meeting of creditors.
Apollo Global Management president to step down
US-based Apollo Global Management has said that Marc Spilker will step down as president the firm and as a member of its executive committee.
Nearly 90% of registered advisors simply accommodating retirement plan business: Study
According to new Fidelity research, 91% of advisors currently offering retirement plans, such as 401(k)s and 403(b)s, are only accommodating the business as part of their broader wealth management practices.
Aberdeen receives FCA approval to buy Scottish Widows
The Financial Conduct Authority (FCA) has granted Aberdeen Asset Management approval to purchase Lloyds Banking Groups fund management arm Scottish Widows Investment Partnership (SWIP).
FCA bans and fines trader £662,700 for manipulating gilt price during QE
Mark Stevenson, a bond trader with nearly 30 years’ experience, has been banned from the industry and fined £662,700 by the UK’s Financial Conduct Authority for deliberately manipulating a UK government bond (gilt) on 10 October 2011.
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Bellpenny completes acquisition of MDM Associates
British wealth manager Bellpenny has completed the acquisition MDM Associates, bringing the number of completed deals to 17.
Affluent Americans are delaying retirement: Market Strategies
The expected retirement age among affluent pre-retirees today has gone up to 68 — eight years higher than the actual retirement age reported by those already in retirement, according to Investor Retirement Income Trends, a published Cogent Reports study by Market Strategies International.
Australia’s Dalton Nicol Reid appoints new CEO
Australian investment management firm Dalton Nicol Reid has appointed Robert White as its new CEO and head of distribution, replacing Harley Dalton.
IIF to establish regional office in Dubai
The Institute of International Finance (IIF) is planning to establish a regional office in Dubai to better serve its members.
Citibank India partner with Apollo Munich to offer healthcare solutions HNW clients
Wealth management services provider Citibank India has partnered with Apollo Munich Health Insurance to provide healthcare solutions to its high-net-worth (HNW) clients.