UK watchdogs wary P&O pension scheme will be British Steel 2.0
They are urging anyone who was made redundant to seek financial advice
News
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Five UK firms go out of business
Three of which provided financial advice services
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Just 20% of pre-retirees sought advice for later life plans
Unprepared Brits ‘will be faced with a series of shocks over the years to come’
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Advice firm shut down plans need ‘significant’ work
As FCA warns businesses to assess their financial resources
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Director receives 10-year ban over wine investment scheme
It is a ‘stark warning’ to those ‘who think they can abuse their investors’
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PEOPLE MOVES: Citi, HSBC, REYL Intesa Sanpaolo
Bank names global head of wealth, while rival bolsters family office operation
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Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
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35% jump in Brits copping to dodging tax on offshore income
Hiding wealth from HMRC ‘gets harder each year’
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Accountancy group buys IFA firm
To bolster its private wealth operation
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7IM sells off trust and private client business in Jersey
Company will continue to provide services to its platform customers on the Channel Island
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Carey Pensions appeal rejected by UK Supreme Court
Decision will ‘have implications for the financial services industry’
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60% of advice firm owners eye sale in next three years
‘M&A market is moving away from the dominance of consolidators’