UK regulator punishes advice firm for register failure
The Financial Conduct Authority (FCA) has taken strong action against a financial advice firm by cancelling its permissions after it failed to submit its regulatory returns.
Fines could drive UK pension cold-callers offshore
The UK Government has warned directors of companies who cold-call people regarding their pensions that they could be fined up to £500,000 ($663,562, €573,407), however one expert warns this may just drive their practices offshore.
Major lawsuit taken against Liberty Sipp
A law firm has issued more than 30 cases against self-invested personal pension provider Liberty Sipp, claiming it is the biggest lawsuit ever taken against the provider.
Rathbones wins ruling on ‘lack of aggression’ client claim
The UK’s Financial Services Ombudsman (FOS) has found in favour of Rathbones in a case where a client alleged the provider mismanaged his Self-Invested Person Pension (Sipp) portfolio, leading to its underperformance and a financial loss.
Pay gap following women into retirement
Women retiring in 2018 will have 29% less income than men, according to research by Prudential which highlights that the UK’s gender pay gap remains a major issue.