Retirement | 4 Jul 17
Standard Life wins case over pension transfer values
The UK’s Pensions Ombudsman has ruled in favour of trustees of the Standard Life Staff Pension Scheme, after a staff member claimed he had lost out on a proposed transfer.
Panama Papers ‘only the tip of an iceberg’
The European Parliament has admitted that the Panama Papers leak “can be construed as only the tip of an iceberg” in a draft report that slams attempts to halt tax avoidance and evasion.
UBS announces major European and EM wealth business shake-up
UBS Group is overhauling its wealth management businesses in Europe and emerging markets (EEM) by reducing its booking hubs to three from around 10 and has announced a senior management restructure.
Best Practice | 4 Jul 17
Ombudsman upholds Sipp complaint against Curtis Banks
Self-invested pension provider Curtis Banks has been criticised by the UK Pensions Ombudsman for negligence and maladministration.
Collapsed Premier Group loses out on £39m debt payment
There is no prospect that Isle of Man-based Premier Group will receive any of the £39m ($50.6m, €44.4m) the company is owed by a waste management company it funded through its New Earth Group collective investment schemes.