United Kingdom

Best Practice | 3 Apr 18

Prudential, Scottish Widows and LV are the latest providers to stop their free pension transfer value analysis services (Tvas) for advisers, as they respond to regulator concerns that such tools could act as an inducement.

Asia | 3 Apr 18

A disgraced Australian businessman has been sentenced to 10 years in jail for his involvement in a A$135m (£74m, $103m, €84m) international tax avoidance scam, bringing an end to what has been described as the largest tax fraud case in the nation’s history.

Companies | 3 Apr 18

The newly formed UK life insurer launched by Life Company Consolidation Group (LCCG) has completed the acquisition of the business of Reliance Mutual Insurance Society.

Companies | 29 Mar 18

Old Mutual Wealth is the second provider in a 24 hour period to suspend its transfer value analysis service (Tvas), following the Financial Conduct Authorities (FCA) new rules on pension transfers.

Companies | 29 Mar 18

The UK’s Financial Services Compensation Scheme expects to shortly make the first payments to customers of discretionary fund manager Strand Capital, which entered administration in May 2017.