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Fund managers to get FSCS rebate after fielding advisers’ Keydata bills

Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]

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Aegon to resume transfers to PensionBee

Aegon has confirmed it will resume electronic transfers to PensionBee, providing it gets “personal assurances” from the directors of the company about key aspects of transfer process. In a statement Aegon says: “We are seeking assurance from PensionBee that they always capture clear authority from clients to carry out the transfer, and that they provide […]

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