Pensions cold calling ban kicked further down the road
As the Trump cavalcade roars across Britain, the UK government has quietly announced that a planned ban on pensions cold calling has been further delayed.
Industry
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Investment fraudsters steal £51m in three months
Scammers are showing an increased appetite for ripping off unsuspecting UK consumers after £51m was stolen in the first three months of 2018/19, figures from the City of London Police reveal.
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FNZ to acquire €31bn German platform
White label investment platform technology provider FNZ has snapped up German platform Ebase.
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UK funds invest £650m in Trump detention camps
St James’s Place, Neptune and Aviva Investors are among asset managers with £657.7m ($869m, €744m) in three companies connected with US detention camps holding immigrants and their children.
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China’s Anbang eyes sale of Belgain insurer
Troubled Chinese insurance giant Anbang is reportedly exploring options to sell Belgian insurer Fidea.
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UK compensation scheme declares 3 advice firms in default
Clients of three failed financial advice firms can now get their money back after the UK’s Financial Servies Compensation Scheme (FSCS) declared them in default.
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High court approves Royal London’s ‘substantial’ cash offer
Royal London policyholders will be receiving offers for their guaranteed annual return pension schemes after the UK High Court, in principle, signed off on the provider’s plan to cash out savers.
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Customer communication in the 21st century
Today’s investors are a savvy bunch. Long gone are the days of mailing out reams of identical reports and brochures to everyone on your list; 2018 supply chains are complex and require delicate handling, says Mitch Cornelia, director of lead supply solutions at Paragon Customer Communications.
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PEOPLE MOVES: Ardan chief executive departs
Ardan International’s chief executive announces his departure, Holborn’s Hong Kong chief executive moves to the US, while a senior adviser re-joins Barclays Wealth Management.
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Praemium’s funds under administration rocket past A$8bn
Australian platform Praemium announced that gross inflows of A$760m over the last quarter have driven funds under administration to A$8.3bn (€5.2bn, £4.6bn, $6.1bn).
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‘Don’t judge us on industry rumours’ – IFA consolidator
Advice firm consolidators looking to make further acquisitions could be out of luck if a survey published by platform Nucleus is taken at face value.
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Aviva bids ‘adios’ to Spain
Aviva has completed its exit from Spain’s life and pensions marketplace after selling its entire shareholdings in its joint venture operations in the region.