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Pru ordered to pay out after sending retirement pack four years late

Prudential must compensate a customer it forget to send a retirement pack to, resulting in four years of missed annuity payments. The customer held a Prudential deferred annuity relating to his previous employer’s pension scheme. Pru was meant to send him a retirement pack three months before his retirement date in 2011. However, when the […]

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Aegon confirms £140m deal for Cofunds

Aegon is to buy L&G-owned platform Cofunds for £140m, becoming the biggest platform provider in the UK. Money Marketing first revealed Aegon had made a verbal agreement to acquire Cofunds in February. The deal, announced this morning in Aegon’s results, ends months of speculation and will create a platform with assets under administration of around […]

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Under pressure: Is the FCA’s growing remit hurting regulation?

Financial services firms have raised concerns the FCA’s ever-expanding remit could be hampering effective policymaking as the regulator is increasingly being stretched too thin. The regulator’s scope has grown steadily since its inception in April 2013 as policymakers continue to increase its oversight of the financial services sector. It has taken on regulating consumer credit […]

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