When you use a system of opt outs to increase pension saving, it is surely essential to make sure you collect the contributions.
Smart Pension has been fined by the Pensions Regulator after it failed to report its failure to collect and invest nearly £900,000 of pension contributions on behalf of members. The fine is £15,000 but some advisers may well ask is that anywhere near like enough?
Money Box’s Paul Lewis argues that journalists and financial advisers are doing the same thing. Advisers and some journalists may not agree.
AJ Bell says that one quarter of its clients believe there has been a hit to their investments due to Brexit.
Claims management firms are targeting DB pension transfers which is hardly surprising but not a welcome development.
Quilter – the new overarching name for Old Mutual - has listed with a £2.7bn valuation.
Aegon has apologised to advisers over administrative problems due to the Cofunds replatforming.
Professional Adviser says that advisers are facing the music over British Steel transfers and asks why are introducers getting off the hook.
Schroders economist Azad Zangana observes that we are two years on from Brexit and none the wiser which reads like a pretty fair assessment. LEBC is considering an IPO to cut down on its private equity funding.
Standard Life’s Barry O’Dwyer has taken a seat on the board of Phoenix as part of various post merger arrangements.
Mortgage Strategy reports a big jump in higher earnings multiple mortgages. Readers who predate the last financial crisis may remember this was quite a significant warning signal back in the noughties though whether this indicates an unsustainable boom is another matter altogether.