Industry
UK lifeboat scheme to pay 2,700 Beaufort clients in May
The Financial Services Compensation Scheme is aiming to reimburse circa 2,700 clients of defunct Beaufort Asset Clearing Services next month, provided their investment was worth less than £2,000 ($2,802, €2,280).
Elaborate offshore pension liberation scam lands two in jail
Two fraudsters will both spend years behind bars after conning 16 victims out of their pensions to fund lavish lifestyles that included luxurious overseas holidays and high-end sports cars.
Middle East clients dying younger warns Zurich
The average age of life insurance claimants in the Middle East is just 50, according to Zurich International Life’s yearly claims statistics.
Old Mutual bosses step back as managed separation finalised
Old Mutual chief executive Bruce Hemphill and chief financial officer Ingrid Johnson have resigned from their board positions at the group as details on the final legal process for the managed separation are announced.
Advisers giving inadequate information to DB specialists: FCA
Financial advisers who are outsourcing pension transfer work to specialists are providing them with inaccurate information, according to the executive director of the Financial Conduct Authority (FCA).