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FOS pension freedom complaints on the rise

The number of customers approaching the Financial Ombudsman Service with complaints over pension freedoms is rising, Money Marketing can reveal. A Freedom of Information request submitted by Money Marketing shows between July 2015 and February 2016 there were 848 new enquiries to the FOS relating to the freedoms. These include complaints where customers claim they […]

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Standard Life advice arm to buy Almary Green

Standard Life-owned advice consolidator 1825 is to buy Norwich-based adviser Almary Green. Almary Green managing director Carl Lamb is understood to be moving to 1825 as part of the deal. Lamb will continue to head the business, and join 1825’s executive committee. It represents the first major acquisition for 1825 since it was launched by […]

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Fitch downgrades Aegon outlook to negative

Ratings agency Fitch has revised its outlook on Aegon and its subsidiary business to ‘negative’ as pricing pressure and low interest rates bite. The revision, a downgrade from ‘stable’, applies to the Netherlands-based parent company as well as the Edinburgh-based UK division. Fitch says Aegon’s earnings “may not improve to a level more commensurate with […]

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RBS culls face-to-face advice; axes 550 jobs

RBS is to drastically slash its face-to-face advice services, leading to around 550 job cuts, Money Marketing can reveal. The bank confirms 221 specialist advice roles will be axed, leaving face-to-face investment advice only available to customers with £250,000 or more of assets. In addition, 195 face-to-face protection advisers are due to be scrapped. As […]

Oil industry: only the fittest will survive

The actions of OPEC have forced the oil supply to fall and producers to cut costs and rationalise, says Richard Hulf In an interview with journalist Alexis Xydias, Richard Hulf, manager of the Artemis Global Energy Fund, explains the impact of the fall in the oil price on energy companies. Alexis also quizzes Richard on […]

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