Companies
OMW hits pause on pension transfer service
Old Mutual Wealth is the second provider in a 24 hour period to suspend its transfer value analysis service (Tvas), following the Financial Conduct Authorities (FCA) new rules on pension transfers.
Clients of defunct DFM set for payment
The UK’s Financial Services Compensation Scheme expects to shortly make the first payments to customers of discretionary fund manager Strand Capital, which entered administration in May 2017.
PEOPLE MOVES: Abacus, RL360°, Coutts
Abacus has recruited from Globaleye, RL360° has bolstered its Latin America sales team with an Old Mutual Group alum and Coutts’ has parted company with its head of key client coverage more than three years after a sexual harassment investigation.
FCA to probe Aviva £450m share U-turn
The Financial Conduct Authority is to investigate insurance giant Aviva over whether its plan to cancel preference shares was market abuse.
Passporting vital for small advice firms post-Brexit
News that passporting will continue during the Brexit transition period has been welcomed by the founder of a Belgium-based advice firm who has also backed the FCA chief’s calls for the agreement to continue after the UK leaves the EU.