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Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
20 May 2018
Changes to the state pension have forced people aged 50 and above to rethink their retirement strategy, research from Retirement Advantage suggests. This hardly surprising and maybe even an intended consequence. One suspects, of course, that ministers simply wanted to save money.
13 May 2018
The DB pension market is succeeding in some serious derisking but is that risk falling on transferees and IFAs in general?
07 May 2018
After advisers and fund managers, it's now the mortgage market's turn to face the scrutiny of the regulator.
29 April 2018
Unlikely as it may seem, the PRIIPs rules could become a prime illustration of the Brexit dilemmas facing the UK. Many want to continue with alignment with many EU rules especially in financial services. But what if they are bad news for the UK and indeed the rest of Europe but we have no voice?
22 April 2018
The IMF has warned that the world economic system could be torn apart by the ongoing trade war.
15 April 2018
The FSCS has received more than 30 complaints against Active Wealth. It is such as shame but once again, it looks like good advisers will be paying for the bad. A poor show and then some.
08 April 2018
These news reviews by their very nature often feature a huge amount of bad news for the sector. Yet perhaps this is good news. Ovation Finance’s Chris Budd discusses the sale of the business to his employees using an employee ownership trust.
02 April 2018
The FCA is considering banning contingent charging in relation to defined benefit transfers – a move outlined in a new consultation paper.
25 March 2018
The FCA is removing obstacles to selling retirement interest-only mortgages. It sees them as a possible solution to those struggling to roll over interest only mortgages – some of which were linked to endowment policies.
19 March 2018
It looks like stock market listings are back in fashion for financial services businesses.
11 March 2018
Sadly there is another bit of nasty news for the sector as another fraud is admitted.
05 March 2018
It looks like fund managers have finally fallen foul of the regulator. Asset managers will pay £34 million in redress to investors in closet trackers in an agreement with the FCA which will also reportedly see one firm facing enforcement action.
25 February 2018
Standard Life is to sell its legacy life business to Phoenix for around £3.2bn. Phoenix will pay a total of £2bn in cash for the business with Standard Life Aberdeen taking a 19.9 per cent shareholding in Phoenix, increasing the total value of the deal to £3.2bn. The deal builds on the fact that Standard Life already manages £48bn on behalf of Phoenix.
18 February 2018
It is almost indisputable that the pension transfer issue represents the biggest shock to the industry for many years as one firm at the centre of the debacle goes into liquidation and MPs demand a ban on contingent charging.
11 February 2018
It has been a very interesting week in markets with falls in the US and markets worldwide meeting the definition of a correction.
04 February 2018
Pension transfers continue to dominate the headlines as the wheels of regulation and politics continue to turn slowly.
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