Mattioli Woods suspends DB transfer advice service
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.
Aegon
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Providers to stump up 25% of advisers’ compensation bills
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.
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Utmost to buy Aegon Ireland’s int’l investment bond business
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.
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Experts react to DB pension transfer ruling
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.
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Three insights into unsettling pension freedoms data
The Financial Conduct Authority has released figures on pension freedoms that product providers have described as “concerning” and “do not make for comfortable reading”. International Adviser spoke to industry experts to get their thoughts on the data.
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PEOPLE MOVES: Goldman Sachs, Momentum Pensions, Aegon
Goldman Sachs signals its next chief executive will be an electronic DJ, Momentum Pensions appoints a managing director of its UK arm and Aegon hires a head of investor relations.
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Aegon backs platforms over life in top-tier shakeup
Aegon has taken a major step away from being a traditional life company towards becoming an intermediated, digital platform business, as it makes a raft of changes to its senior management team and announces a new investment management company.
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Aegon publicly slammed by PensionBee chief exec
Aegon’s “arduous” pension transfer process is creating barriers to stop customers transferring out and risks them becoming immune to red flags and falling victim to scams, the chief executive of PensionBee wrote in an open letter to her Aegon counterpart.
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PEOPLE MOVES: Aegon Life, Deutsche AM, BNP Paribas
Aegon Life in India has a new chief executive, Deutsche Asset Management has hired its global head of equity from Credit Suisse and BNP Paribas has created a head of institutional sales role for the UK and Ireland.
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Five Autumn Budget predictions
With chancellor Philip Hammond poised to release the government’s Autumn Budget on Wednesday, International Adviser has spoken to experts from Old Mutual Wealth, RSM, Mazars, Irwin Mitchell Private Wealth and Aegon to get their budget predictions.
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Brace for global recession in 2019
An economic downturn affecting most developed markets will occur in 2019, Aegon Asset Management has predicted.
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Aegon opens Mexican asset manager
Dutch insurer Aegon and its North American subsidiary Transamerica are setting up a Mexican asset management joint venture with the same firm that partnered with Lombard International to launch a life company earlier this year.