PEOPLE MOVES: Aviva Singlife, Square Mile, Hawksford
Singapore life insurer names group CIO, while investment director leaves research house
Scottish Widows
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Lloyds investment clients to wait 12 years for reduction in fees
Value assessments deem 1.24% fund fees too high
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Insurance companies discriminate against some clients
Despite ‘blanket or general’ policies that refuse cover being against the law
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Aviva tops life, pension and decumulation ombudsman complaints
Firm also received 40 customer criticisms about investments between 1 June and 31 December 2019
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Over a third of self-employed women in UK save nothing
Majority of these entrepreneurs who do not put money aside earn below £20,000 a year
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Scottish Widows wrong to charge client for Qrops transfer
Firm will also give him money for ‘trouble caused’
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Is pension recycling just a load of rubbish?
While you could take advantage of a tax loophole, the losses could be bigger than gains
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Blackrock bags £30bn Scottish Widows mandate
But industry commentators argue it will be ‘a low margin business’
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FCA drops investigation into Scottish Widows
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.
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Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
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.
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Five firms pull free pension transfer tool
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.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
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.