Succession sets aside £10.4m for potential legacy DB liabilities
It is working closely with the FCA about pension transfer advice given by an acquired business
Industry
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Barclays to expand private banking operation in Africa
With a focus on South Africa, Nigeria and Kenya
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PEOPLE MOVES: Phoenix Group, Eastspring, BNP Paribas AM
Savings and retirement business makes c-suite changes, as investment firm names CIO
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Does the UK need to replace axed Tier 1 Investor Visa?
Programme closed in February 2022 following Home Office ‘security concerns’
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Abrdn sheds £262m stake in Indian life insurer
After it raked in £225m for selling off shares in the firm’s asset management arm
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Triple lock earnings component set at 5.5%
As industry awaits the September CPI figures to confirm next year’s state pension increase
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New Zealand scraps proposed tax on fund management services
After it caused a ‘significant media backlash’
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Advice company under investigation enters liquidation
Lifeboat scheme has received claims against the firm relating to the British Steel pension transfer scandal
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Nine US investment advice firms charged with regulatory breaches
They have all agreed to pay combined penalties of over $1m
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Investment manager to reduce exposure to ‘riskiest asset classes’
Company remains on a ‘defensive footing’
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Blacktower unveils Portugal expat service for US nationals
Firm plans to expand offering across Europe ‘and perhaps internationally in the near future’
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UK calls for written evidence on Financial Services and Markets Bill
Parliament wants comments from people with ‘relevant expertise and experience or a special interest’ in the legislation