AJ Bell relabels property funds in Sipps after suspensions
Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.
Retirement | 13 Jul 16
Over 40% in Singapore, HK, UAE still not saving for retirement
Over 40% of employees of working age in Singapore, Hong Kong and the United Arab Emirates (UAE) have not yet started saving for their retirement or have stopped after facing difficulties, new research suggests.
Tax & Regulation | 13 Jul 16
FSCS payments reach record high over risky Sipps investments
Payouts to UK consumers, aggrieved by poor life and pensions advice, have more than doubled due to an increase in high risk Sipp investment claims, new figures from the Financial Services Compensation Scheme (FSCS) show.
Canada Life Group Insurance managing director McMullan dies
Ian McMullan, managing director of Canada Life Group Insurance, died on 8 July following a battle with cancer.
BSI Bank’s former Singapore chief executive sues over bonus
The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.