Industry
Steel workers fed sausage and chips in pension transfer bid
A company that introduced British Steel Pension Scheme (BSPS) members to the now-collapsed IFA firm Active Wealth offered “sausage and chips” meals in meetings heavily geared towards pushing transfers on them, according to a damning Work and Pensions Committee report released Thursday.
DeVere poaches Guardian manager in Middle East
The manager for Guardian Wealth Management’s Abu Dhabi office is to return to the deVere Group, with almost immediate effect.
Credit Suisse investigated by US watchdog
Swiss banking giant Credit Suisse is being investigated for its hiring practices in the Asia Pacific region.
IFA linked to British Steel pension transfers goes under
IFA firm Active Wealth has gone into liquidation, four months after it was suspended from taking on new clients after the UK regulator raised concerns it gave “questionable advice” to British Steel Pension Scheme (BSPS) members.
Best Practice | 14 Feb 18
Beware deadlines for ombudsman complaints
A former Aviva Life Service UK client has lost his bid to be compensated for poor service, following delays in taking out a tax free lump sum from his pension, because he waited too long to make the complaint.