Companies
UK Sipp business drives strong STM results in ‘eventful’ year
The acquisition of UK Sipp provider London & Colonial has “borne fruit during 2017” and played a key part in STM adapting its expat product offering following the unexpected 25% Qrops charge that hit around 80% of the firm’s new business.
TAKAUD DIFC says well positioned for great market prospects
Dubai International Finance Centre-based Takaud Savings & Pensions (DIFC) Ltd, a wholly owned subsidiary of the Bahrain-based Takaud Savings and Pensions B.S.C. (c), said there is a critical need in the region for professional advice on pension planning, pension scheme design and scheme administration technology that should be addressed by the financial industry.
FSCS opens door to Beaufort compensation
Clients of the failed discretionary fund management firm Beaufort Securities and its clearing arm, Beaufort Asset Clearing Services, may be now eligible to claim compensation, after the Financial Services Compensation Scheme (FSCS) declared the two firms in default.
Experts react to DB pension transfer ruling
Pension experts have welcomed the clarity the Financial Conduct Authority (FCA) has established for defined benefit (DB) pension transfers through its updated rules. But they warn further, lengthy, consultation may not be the best way to address issues of poor practice that have come to prominence in recent months.
Aberdeen Standard Investments sues Provident Financial
Provident Financial is embroiled in a legal battle with Aberdeen Standard Investments, one of its largest investors, over an FCA probe into its troubled credit card unit Vanquis Bank.