An actuarial firm is bringing a High Court action against Scottish Widows, alleging it gave negligent advice to around 100 company pension schemes by recommending a move out of funds with guaranteed annuities to its managed fund.
UBS is to launch a 7.8bn rights issue. The fully underwritten rights issue will be offered to shareholders at a discount of more than 30 per cent.
Conservative Shadow pensions minister Nigel Waterson has rejected introducing Australian-style compulsory pension contributions.
The days of dual-pricing are numbered as key mortgage lenders reconsider their pricing strategies in response to broker outrage, says Positive Solutions.
Emerging market equities have rebounded following several years of underperformance on both an absolute and relative basis, yet most investors remain pessimistic and are significantly underweight the asset class. Read the full article here
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]