Capita Group is set to acquire the trust administration business of PricewaterhouseCoopers CI LLP in the Channel Islands for a cash consideration of £12.75m.PricewaterhouseCoopers CI LLP provides trust formation and on-goingadministration services in accordance with Jersey, Guernsey and English law.It will provide corporate trustees, the maintenance of bank accounts and investment portfolios, the regular reporting […]
The retail distribution review frustrates and irritates me in about equal proportions, when real issues, such as how we address a life protection gap estimated by Swiss Re to be £2.3trn, should be addressed.
Product providers are being urged to retrain broker consultants to ensure they are meeting Cob rules on what does and does not constitute advice, after yesterday’s Scottish Equitable High Court ruling.
Average drawdown withdrawal rates have reached a level unlikely to be sustainable through retirement The FCA recently published new retirement income market data showing how consumers are using the pension freedoms. My initial reaction after reading the document was one of frustration, as the information only gives part of the overall picture. Providing some additional […]
The Pensions Ombudsman has ordered Alliance Trust Savings to pay £500 to a client for the stress it caused during the transfer of her Sipp. In the ruling, Mrs N wanted to move her Sipp operated by ATS to one operated by Equiniti Financial Services due to an increase in fees. In June 2017 Mrs […]
Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]