The Financial Services Authority has fined BlackRock Investment Management Limited £9.5m for client money breaches.
The enforcement action came after it failed to protect client money adequately by not putting trust letters in place for certain money market deposits. Blackrock also failed to take reasonable c...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
