The FSA pulled no punches this week with its stark warning to life companies that open market option standards for annuities had to dramatically improve after discovering shocking numbers of consumer correspondence failings.
By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]
Benchmark Capital, owner of the Fusion platform, the Best Practice network and IFA Aspect8, has taken a 49 per cent stake in fund ratings group Rayner Spencer Mills Research. The deal is subject to regulatory approval. Benchmark Capital, in turn, previously sold a 65 per cent stake to Schroders, with the asset management company upping […]
Investment firm Octopus has launched a tech-focused restricted advice business aimed at new-to-advice customers. Octopus Wealth will offer restricted advice using a range of products and services from within Octopus Group and from elsewhere. It currently has two advisers and is run out of a separate office to the rest of the group. The group says […]
The Pensions Regulator has opened an investigation into a case of suspected pension fraud worth £18m. The regulator believes some 370 people have been scammed into moving their savings into eight supposedly illegitimate pension schemes. In a joint operation between TPR and Essex Police two residential addresses in Essex were searched last week. A business […]