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Aegon to resume transfers to PensionBee

Aegon has confirmed it will resume electronic transfers to PensionBee, providing it gets “personal assurances” from the directors of the company about key aspects of transfer process. In a statement Aegon says: “We are seeking assurance from PensionBee that they always capture clear authority from clients to carry out the transfer, and that they provide […]

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AJ Bell survives complaint from former adviser over Sipp failures

A former adviser claiming that AJ Bell made a string of errors over his Sipp has lost his complaint at The Pensions Ombudsman. The nature of the allegations against the Sipp provider, which have been made over a number of years, led AJ Bell to take the “unprecedented decision” to ask the client to transfer […]

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AFH profits jump 83%

IFA consolidator AFH has reported an 83 per cent increase in profit after tax to £3.1m for the 12 months ending 31 October 2017. The business, which acquired 13 IFAs during the period, increased funds under management by 39 per cent to £2.79bn (2016: £2bn). Revenues increased by 39 per cent from £33.6m to £24.1m. […]

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