Almost half of UK investors avoiding risk ‘at all costs’
Aegon study of 2000 UK adults finds “reckless caution” is the biggest risk
Aegon study of 2000 UK adults finds “reckless caution” is the biggest risk
All dual-regulated insurance firms now fall under the UK’s Senior Managers and Certification Regime (SMCR)
Aegon surveyed UK financial advisers on their investment thoughts for the next 12 months
Industry split as contingent charging likened to commission
Twice as many IFAs in south of England expect cash to be the worst performing asset over the next 12 months
Work by an inexperienced junior analyst contained errors and ‘didn’t work as promised’
The deal will see NN Group pay €155m
Holborn Assets Hong Kong names its chief executive, Carrick Wealth appoints an acquisitions director who comes by way of the UK, Singapore and Dubai, while Vanguard bolsters its ETF Capital Markets team in Europe.
UK-based Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.
Despite some strong opposition, the UK financial regulator has released major plans to force providers to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills.
The consolidator parent of Utmost Wealth Solutions has announced its intention to acquire the international investment bond business of Aegon Ireland – just days after the Irish operation was sold to another provider.
Pension experts have welcomed the clarity the Financial Conduct Authority (FCA) has established for defined benefit (DB) pension transfers through its updated rules. But they warn further, lengthy, consultation may not be the best way to address issues of poor practice that have come to prominence in recent months.