United Kingdom
Best Practice | 21 Sep 17
Steps advisers can take to avoid €20m data breach fine
Financial advisers will have to do a “significant amount of legwork” if they are to comply with new data rules, or face a big fine, according to an expert.
Plague of scams prompts more warnings
The UK’s Financial Services Compensation Scheme (FSCS) is the latest body to warn consumers that scammers are using its reputation in a bid to defraud them.
Sentiment to UK worse than after Brexit vote
Investors are less confident about the UK now than they were in the aftermath of the Brexit vote or the UK snap election, according to the latest reading from the Lloyds Private Bank Investor Sentiment Index (LPBIS).
Best Practice | 21 Sep 17
Rigorous rules see OMW and CII partner on pension transfers
Tougher rules and a 100% increase in pension transfer enquiries has prompted Old Mutual Wealth (OMW) to launch a DB to DC pension transfer training programme in partnership with the Chartered Insurance Institute (CII).
Fresh pension freedoms inquiry targets scammers
The influential UK Work and Pensions Committee launched an inquiry on Wednesday focused on the risk of savers being scammed after the introduction of pension freedoms.