Nucleus to float on London’s AIM in July
Platform provider Nucleus will float on the London Stock Exchange’s Alternative Investment Market (Aim) later this month, in a deal that is expected to value the business at £150m ($198m, €169m).
Platform provider Nucleus will float on the London Stock Exchange’s Alternative Investment Market (Aim) later this month, in a deal that is expected to value the business at £150m ($198m, €169m).
Millennials have largely been left in the lurch by pension providers who assume they are too cash poor or disinterested to engage with investing for their future.
Customers of failed financial services firms received £405m (€458m, $530m) in compensation from the Financial Services Compensation Scheme (FSCS) in 2017/18, in part driven by a rise in Sipp complaints.
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
Vistra’s chief executive steps down, Wise Funds hires a fund manager from Schroders and Skagen Funds promotes one of its own to lead the company.
A fraudster known as the “Wolf of Wimbledon” has been given an additional four years in prison after failing to pay a more than £7.5m ($9.9m, €8.5m) confiscation order, the Serious Fraud Office has confirmed.
The Financial Conduct Authority has warned the pensions industry to clarify its charges or face caps, as part of a bid to drive up engagement and reduce costs for retirees in drawdown.
Utmost Wealth Solution’s two Isle of Man-based offshore bonds have been added to the Zurich Platform.
The UK’s Financial Conduct Authority (FCA) is planning to introduce “investment pathways” for drawdown retirees, in a move to prevent them from making poor decisions and defaulting into cash.
Half of UK investors don’t know what they are being charged by their wealth manager, according to UK discretionary manager Netwealth.
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
The UK’s Personal Finance Society has formed a taskforce to help provide strategic leadership and a voluntary code of professional standards for pension advice.