The FCA’s decision to ban former Tailormade Independent Limited chief executive Alistair Burns has been upheld by the Upper Tribunal. Between January 2010 and January 2013, Tailormade gave advice to 1,661 customers who were considering transferring or switching their existing pension funds via Sipps into unregulated investments, such as green oil, biofuels, farmland and overseas […]
Lloyds Banking Group is planning on running three separate subsidiaries in Europe after Brexit, according to reports. The group was expected to manage its continental European business in Berlin, but Reuters reports it now plans two additional hubs. The Financial Times says one is likely to be Frankfurt for its euro bond trading business while […]
MPs have encouraged the government to seek innovation and the “great potential gains” of collective defined contribution pension schemes, a report published this morning by the work and pensions committee says. The committee says the schemes, which are already highly successful in Denmark and the Netherlands, offer advantages of a middle ground between defined benefit […]
The Pensions Regulator (TPR) has issued its first fines to employers for failing to meet their auto-enrolment duties, along with 163 compliance notices giving employers a deadline to take action.
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