A London jury has found an ex-broker not guilty of rigging the inter-bank lending rate Libor, a day after five others were also acquitted, in a major blow for the Serious Fraud Office (SFO) which brought the case.
Advisers have broadly welcomed the incoming head of the Financial Conduct Authority's (FCA) shift away from the tough stance of his predecessor, but are wary it heralds a softening approach to wrongdoers.
Advisers previously warned about the products
Laura Miller takes stock of a troubled SIPP market
Andrew Bailey to take over in July
Plans to launch own fund range
Asian markets took a tumble overnight as the price of crude oil continued to sink.
HMRC clampdown makes avoidance a high-priced risk
SIPP claims predicted to rise