Aviva UK life chief executive Andy Briggs has put his weight behind calls for a ban on contingent charging for defined benefit pension transfer advice. According to the Financial Times, Briggs says contingent charging could lead to poor outcomes for savers. The FT reports Briggs saying: “I personally would say in [DB to DC] transfers, […]
Royal Bank of Scotland has agreed to pay the US Department of Justice $4.9bn (£3.6bn), paving the way for the British government to sell more shares in the bank. RBS said the settlement was agreed on Wednesday night and most of the sum is already covered. The prospect of a heavy fine by US authorities […]
The Financial Services Compensation Scheme has chosen outsourcing firm Capita to manage its claims handling service in a contract worth £37m. FSCS claims handling processes were previously provided by three suppliers, including Capita. Under the terms of the contract, all services relating to the FSCS’s claims handling and customer services will be managed by Capita […]
The provider was under unfair pressure to drop critical illness cover from its relevant life policy “There is many a slip twixt the cup and lip”, so goes the old proverb. Whether you favour the English version “don’t count your chickens before they hatch” or the version attributed to Greek anthology meaning “many bad things […]
Paul Rayner, Head of Government Bonds at Royal London Asset Management, looks at the UK government bond market ahead of the upcoming election. Read the article here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount […]
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