£71.2m plan to compensate British Steel Pension Scheme victims
343 advice firms will need to fork out a combined £9m to assess transfer suitability
United Kingdom
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Financial Ombudsman Service unveils £291.7m budget for 2022/23
As it wants to ‘become financially sustainable for the future’
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Brewin Dolphin sold for £1.6bn
To create a ‘market leader’ with £65bn in assets under management
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Gam fined £9m for conflicts of interest involving Greensill
Sacked bond manager received £22,000 worth of gifts and entertainment
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Guinness multi-asset funds added to Hansard range
Making the ‘PoweredBy’ Brewin Dolphin strategies more accessible to international IFAs
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Advice firm loses high court challenge against FOS decisions
It ‘failed in its primary duty to properly advise on the suitability’ of pension transfers, Ombudsman says
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£37bn IHT bill for Brits in next five years
More families will be ‘caught’ in the inheritance tax net due to allowance freeze
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AIG to rebrand life and retirement business after IPO
This includes the insurer’s UK operation
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PEOPLE MOVES: Canada Life, Banque Cramer, BRI Wealth
Chair steps down from insurer, while Swiss private bank names CEO
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Barrister owed no duty of care to film investors
After they were refused tax reliefs from HMRC
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Nucleus sold for second time in a year
PE acquirer also holds a 22% share in Canaccord Genuity Wealth Management UK
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UK eyes extension to collective DC schemes
To include ‘decumulation only’ options, master trusts and multi-employer pots