Drawdown and lump sums are being favoured by pension savers a month after the introduction of the radical new freedoms, figures from Hargreaves Lansdown show. Less than one in ten (8.4 per cent) of Hargreaves’ customers have bought an annuity since 6 April, compared to 75 per cent who entered drawdown and 16.6 per cent […]
International regulators have fined five banks a total of $5.8bn (£3.7bn) for foreign exchange rigging. The US Department of Justice has imposed a total fine of $2.7bn (£1.7bn) on Citigroup, Barclays, JP Morgan Chase & Co, Royal Bank of Scotland and UBS. The Federal Reserve imposed fines of $1.6bn (£1bn) on the same five banks, […]
The FCA has fined Merrill Lynch International £13.3m for transaction reporting failures. The regulator says MLI incorrectly reported over 35 million transactions, and failed to report a further 121,387 transactions between November 2007 and November 2014. The fine is the highest ever imposed by the regulator for transaction reporting failures. The FCA says the size […]
Running a financial services firm is a bit like engineering, according to engineer turned Attivo Group chief executive Stephen Harper. It is all about systems that can break down completely if they have not been properly maintained, or if the smallest component stops working. “The reason why the system on an engine breaks is usually […]
Kunal Desai, manager of the Neptune India Fund, highlights three key themes he expects to unfold in 2018. Read more here Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future performance. The value of an investment and any income from it can […]
- Top trends
- Top trends
- Ian McKenna: Where the Standard Life/Phoenix deal could fall down for advisers
- Paul Lewis: Financial advisers and journalists are one and the same
- Who were the winners at the Money Marketing Awards?
- How much are advisers charging for pension transfers?
- Aegon apologises to advisers over Cofunds replatforming
News and expert analysis straight to your inboxSign up