DB transfer contingent charging ban branded ‘confusing’
Overseas firms ‘exempted’ but non-FCA advisers shouldn’t be signing off pension transfers, says one CEO
Regions
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FCA investigating Quilter subsidiary over DB pension transfers
UK regulator also orders firm to appoint skilled person to conduct review
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Collapsed wealth firm sells client book
After entering administration in August 2019
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Former SJP adviser causes clients to lose £1.35m
But wealth management firm denies responsibility and refuses to pay compensation
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US in the news: Hiring spree at RBC WM and Raymond James
A round-up of people moves and M&A deals across North America
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PEOPLE MOVES: Brooks Macdonald, Barclays PB, Jupiter
Investments manager names director, while private bank makes senior hires in Europe
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Atletico Madrid footballer pleads guilty to tax fraud
He has been sentenced to six months in prison but will not spend time in jail
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FCA bans contingent charging for DB pension transfers
Need to ‘improve professionalism’ of transfer specialists and their ‘knowledge in choosing assumptions’
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Credit card fraudster financial adviser banned
He is currently serving a three-and-a-half-year jail term
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Private banking trio set up New Zealand wealth manager
Firm said it will adopt a fees-for service approach
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Asset value drops could see divorce settlements reopened
Unforeseen devaluation and market falls could mean reopening cases for the recently divorced
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Covid-19 outbreak forces 1.5 million Brits to delay retirement
Some 26% of over 50s said they will have to keep working on a full or part-time basis indefinitely