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.
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]