Savers with drawdown accounts will not be forced to increase the amount of income they take in the event of bankruptcy, the Insolvency Service has confirmed. In March, the Government said “undrawn” pensions were out of debt collectors’ reach. But the definition of undrawn was not made clear. However, in an email seen by Money […]
Consolidator AFH Financial Group has acquired a national IFA for up to £4.1m, its largest acquisition deal to date. AFH has acquired Stroud-based Independent Financial Services (U.K.) for an initial cash sum of £450,000, paid on completion of the deal yesterday. A further sum of up to £3.65m will be paid in three tranches over […]
Prudential was wrong to block a transfer to a pension scheme it suspected of being a vehicle for a pension liberation scam, the Pensions Ombudsman says. It upheld a complaint from Mr Mark Harrison who said Prudential had refused to act on his request to transfer from a Prudential scheme to the Cheshire Food Services […]
Aegon UK managing director David Macmillan is set to leave his role in the summer to join the firm’s US business, Money Marketing can reveal. Macmillan, who is also chief marketing officer at the provider, will join Transamerica later this year to become chief customer experience officer. An Aegon spokesman says: “David Macmillan has been promoted to […]
The Living Wage Foundation has announced that Johnson Fleming was accredited as a Living Wage employer earlier this month.
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