IFA consolidation vehicle Perspective Financial Group has acquired its sixth firm, Rutherford Wilkinson, which has 16 advisers and 150m of funds under advice. It will continue to trade under its current name with the existing management structure.
Aegon Scottish Equitable chief executive Otto Thoresen is warning that the timetable for implementing the retail distribution review reforms is too tight and could drive good advisers out of the industry.
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
The FCA and The Pensions Regulator say they will use a broader range of interventions to drive up value for money for savers. In their joint strategy on pensions launched today, the watchdogs identify two new priority areas for joint action going forward. The first is a strategic review of the entire consumer pensions journey […]
The Pensions Ombudsman has instructed Suffolk Life to pay £500 in compensation for failing to transfer a member’s benefits into his occupational scheme on time. In the ruling, a complainant referred to as Mr S says Suffolk Life as Sipp administrator is responsible for a loss of investment growth because of a delayed transfer. In 2012 […]
Tatton Asset Management has reported a 16 per cent increase in assets under management over the last six months. Total funds have now passed the £5bn mark to reach £5.7bn as at the end of September. Tatton Asset Management is the parent company of both Tatton Investment Management, a discretionary fund manager, and Paradigm Partners, an […]