United Kingdom
Standard Life Aberdeen loses top client
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
Best Practice | 15 Feb 18
How was the British Steel pension scandal allowed to happen?
A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?
Bitcoin to become ‘significant feature’ in modern day divorce
The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another, warns a family law expert.
RL360° targeted in insurance scam
Insurance firm RL360° is the subject of a law suit on the Isle of Man for damages alleging breach of contract and negligence after it paid out a policy belonging to a deceased doctor, who turned out to be alive and the victim of identity theft.
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.