Lloyds investment clients to wait 12 years for reduction in fees
Value assessments deem 1.24% fund fees too high
Value assessments deem 1.24% fund fees too high
Despite ‘blanket or general’ policies that refuse cover being against the law
Firm also received 40 customer criticisms about investments between 1 June and 31 December 2019
Majority of these entrepreneurs who do not put money aside earn below £20,000 a year
Firm will also give him money for ‘trouble caused’
While you could take advantage of a tax loophole, the losses could be bigger than gains
But industry commentators argue it will be ‘a low margin business’
There is “insufficient basis for taking any enforcement action” against Scottish Widows following a review of the firm’s fair treatment of longstanding customers, the Financial Conduct Authority announced on Tuesday.
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
Prudential, Scottish Widows and LV are the latest providers to stop their free pension transfer value analysis services (Tvas) for advisers, as they respond to regulator concerns that such tools could act as an inducement.
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
Old Mutual, Prudential and Abbey Life are among five companies still under investigation by the Financial Conduct Authority over concerns about the transparency of exit and penalty charges in the firms’ closed-book life insurance policies.