Industry
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.
PEOPLE MOVES: Amundi, TISA Exchange, Isle of Man
Amundi hires a former special adviser to an ex-French prime minister, the TISA Exchange names an industry veteran as its chair and the Isle of Man’s Department of Enterprise appoints a chief executive to its finance agency.
FCA questioned over unregulated Sipp investments
The inclusion of unregulated and non-standard investments in self-invested personal pensions (Sipp) has been called into question by the UK’s Work and Pensions Committee.
Moneyfarm to expand advice offering on £40m investment
Moneyfarm plans to expand its investment advice offering as the robo-adviser lands a £40m ($53.2m, €45.6m) investment in a funding round led by Allianz Asset Management.