Ex-footballer Shearer settles negligent financial advice case

Alan Shearer has agreed a settlement deal after launching a £9m ($11.5m, €10.2m) court bid against his former financial adviser for giving the ex-Newcastle United and England striker negligent financial advice.

Best Practice | 15 Jun 17

Fear driving global rise in DB pension transfers say advisers

Fear that defined benefit (DB) pension schemes may be unable to meet their long-term liabilities is driving demand for pension transfers, research from Old Mutual International (OMI) has found.

Retirement | 12 Jun 17

Fund industry profits shrink as higher costs and passives bite

Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite a solid rise in the value of assets under management, according to a report by McKinsey.

Retirement | 7 Jun 17

Rops list sees Aussie rebound but Channel Islands wane further

After missing its Monday deadline, HM Revenue & Customs released an updated recognised overseas pension scheme (Rops) list on Wednesday that saw Australian scheme numbers rise, while Guernsey and Jersey continued their declines.

Retirement | 6 Jun 17

Pension transfer delays expected as HMRC misses Rops deadline

Pension transfers are likely to be delayed and providers, advisers and clients have been left in limbo after HM Revenue & Customs failed to publish a new list of recognised overseas pension schemes (Rops) that was scheduled for Monday.

Retirement