PEOPLE MOVES: MFSA, Cayman Finance, UBS
Regulator names acting CEO, as promotional body hires chief executive
XPS Pensions Group
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Just 6% of pension transfers not flagged as scams
With overseas investments continuing to be the most common warning
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Pension transfer business dries up amid interest rate hikes
Values have plummeted making retirees think twice about switching
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Pension transfer values fall 25% in six months
As overseas investment amber flags continue to cause ‘unnecessary delays’
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PensionBee accuses providers of delaying and blocking transfers
‘Regulations are being abused by a handful of rogue actors’
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83% of pension transfer requests raise red flag warnings
Rates have now grown for the past five consecutive months
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Pension transfer red flag warnings hit record high
Rates have now risen for the last four consecutive months
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70% of pension transfer requests spark scam warning
Current cost of living crisis ‘could lead to members looking to access their benefits’
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XPS Pensions buys firm to develop its Sipp business
Its 22-strong team will join the group
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PEOPLE MOVES: Brewin Dolphin, XPS Pensions, Citi
Wealth manager hires head of international distribution, while pension firm makes c-suite change
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‘Largest ever’ monthly fall in pension transfer values
Mostly attributed to a rise in government bond yields which increased discount rates
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PEOPLE MOVES: Columbia Threadneedle, Deutsche Bank WM, Barclays
Asset manager CIO resigns, as German bank hires managing director for China