Nordea bolsters Nordics life and pensions arm with acquisition
Deal adds around €12bn in assets under management
News
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Isle of Man tax avoidance promoter fined £150,000
It ‘used a series of tactics to try and frustrate’ HMRC
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UAE asset manager buys majority stake in fintech firm
To boost personal finance and investment offerings to consumers
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Another Sipp operator enters liquidation
After it was unable to pay redress following final decisions issued by the Financial Ombudsman Service
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US in the news: Hub International bolsters private client arm
A round-up of people moves and M&A deals across North America
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PEOPLE MOVES: Canaccord Genuity WM, UBS, Quilter
Wealth manager names funds CIO, while banking giant boosts family advisory arm
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Prudential Financial buys stake in South African wealth manager
It is a ‘strategically important growth market’ for the firm
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British Steel pension transfer advice unsuitable in 47% of cases
Members have lost £18m in redress due to firms entering liquidation
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Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents
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Momentum Pensions clients still in dark over compensation
But firm says they will be given a ‘full and transparent breakdown’
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Administration-hit Sipp operator sold to trustee firm
All staff will transfer across
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DB transfer red flags trigger 500 member interviews
But it is not yet clear if measures ‘are genuinely protecting consumers’