Ambitious trust company Ludlow Trust has acquired the NatWest Group and Coutts UK trust businesses and will relaunch both under the Ludlow Trust banner. 

The Financial Conduct Authority (FCA) has commenced criminal proceedings against NatWest in respect to offences under money laundering regulations.

Wealth manager and private bank Coutts is to relaunch its private office for UHNW clients under the new brand Coutts Family Office (CFO).

NatWest-owned Coutts has cut its investment platform tariffs with fees now starting from 0.15%, down from a minimum of 0.35%.