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MAS welcomes Sants appointment as guidance body chair

The Money Advice Service has welcomed the appointment of former FSA chief executive Hector Sants to run the government’s new financial guidance body. Sants left the regulator before it became the FCA in 2013, and has taken on roles with Barclays, management consultancy Oliver Wyman and debt charity StepChange since then. While no official announcement was made […]

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Lighthouse signs advice deal with 200,000 member union

Advice network Lighthouse Group will now provide advice to members of the Public and Commercial Services Union. The contract for financial advice, retirement planning, mortgage and investment advice will be for three years, starting from 1 June. The union has 200,000 members across the UK and is the largest civil services trade union. Lighthouse chief […]

Carey Pensions up for sale as losses grow

Carey Pensions has put itself up for sale as it reports losses for the second year in a row. According to its annual accounts published last week losses have risen due to a number of legal cases relating to some historic business that is now being wound down. In 2016 the embattled Sipp provider recorded […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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