All firms run the risk of being used by criminals for fraudulent activity, so it is vital to remain vigilant. Fraudulent emails are becoming more sophisticated and we recently became aware of a new scam targeted at financial intermediaries. The scam revolves around your client’s email account which has been hacked. You receive a request […]
Standard Life Aberdeen has hit back against Lloyds terminating investment management arrangements worth £109bn, saying the merged company is not in competition with the bank. In February, the Scottish Widows Investment Partnership assets were pulled because Lloyds saw Standard Life as a rival. In a stock exchange update today, Standard Life Aberdeen says it and […]
Platform James Hay has blamed an 11 per cent drop in new clients over the first quarter on a slowdown in the defined benefit transfer market. The platform had 1,400 new clients over the quarter, 11 per down on the previous three months and 14 per cent lower than the first quarter of last year. […]
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]
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