United Kingdom
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.
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).
Jupiter Dynamic Bond woes down to ‘flighty’ European investors
Lopsided net flows into Jupiter Asset Management’s Dynamic Bond and Strategic Bond mirror strategies has been attributed to UK investors’ brand loyalty through bouts of underperformance.
Aviva sorry for platform troubles as adviser pulls clients
Aviva has apologised for its platform, which has been a source of ongoing frustration for advisers since it was updated three months ago.