Retirement

Companies | 12 Jun 18

There is “insufficient basis for taking any enforcement action” against Scottish Widows following a review of the firm’s fair treatment of longstanding customers, the Financial Conduct Authority announced on Tuesday.

Industry | 11 Jun 18

A UK man who was jailed for seven-years for defrauding investors out of £21m (€23.9m, $28.1m) has had an inheritance he received from his mother’s estate confiscated by the Financial Conduct Authority (FCA).

Industry | 7 Jun 18

The UK’s compensation scheme has paid out almost £5m (€5.7m, $6.7m) in claims against the brothers behind Taylor & Taylor Associates, who defrauded more than 200 clients to fund lavish lifestyles that included private jets and Rolex watches.

Best Practice | 6 Jun 18

UK advisers are spending more time and resources dealing with retirement advice since the launch of pension freedoms, according to the latest research from AKG.

Companies | 31 May 18

A group of 15 rip off pension schemes operated by a single company, which duped savers and allowed “unsavoury advisers” to pocket £4m in commissions, have been declared insolvent.