Intrinsic ordered to pay compensation over Harlequin Sipp
The UK Financial Ombudsman Service has upheld a complaint against an Intrinsic financial adviser, who helped a client switch his personal pension to a self-invested personal pension (Sipp) to invest in Harlequin, a now-defunct unregulated investment scheme.
Investment | 13 Feb 18
Bank of England likely to hike sooner with inflation at 3%
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
Offshore companies own a big chunk of UK real estate
Offshore finance centres are home to thousands of companies that own nearly 100,000 properties in England and Wales, with the British Virgin Islands (BVI) and the crown dependencies leading the pack.
Best Practice | 13 Feb 18
UK pension complaints to move under one roof
The Pensions Advisory Service’s dispute resolution function is moving to the Pension Ombudsman.
Best Practice | 13 Feb 18
Cold-calling ban questioned as gov’t plans ‘swifter’ launch
The UK Government is planning to “swiftly” introduce a pension cold-calling ban, but has come up short on setting an exact date, as industry commentators have questioned how effective a ban will be in stopping criminals.