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Friends Life to compensate for unsuitable DB transfer advice

The Financial Ombudsman Service has ruled against Friends Life for giving unsuitable advice on a pension transfer from a defined benefit scheme. In the ruling Mr S complains the advice he received from Friends Life to move pension benefits from his former employer’s final salary scheme to a personal pension arrangement was not suitable. In […]

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Architas UK net inflows drop 70%

Architas UK has seen inflows drop by just over 70 per cent in the first half of the year. The Axa-owned asset manager reported £152m net inflows for the first six months of 2018, compared with £546m in the first half of 2017. Globally, Architas’s net inflows dropped to €797m (£710.6m) in the first half […]

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FCA opening more cases than ever before

The FCA had more than 500 cases open at the start of April, which is nearly 100 more than the same time last year. According to a Financial Times report, the regulator had a record 504 investigations open as of 1 April, compared with 410 the year before. Of that caseload, 85 cases are looking […]

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