United Kingdom
Sipp sales offset Qrops slump at STM
UK financial services firm STM Group doubled its pre tax operating profit during the first six months of 2017, with new business from self-invested personal pension (Sipp) products helping offset the impact of the new government levy on transfers to foreign pension schemes.
Investment | 12 Sep 17
Woodford flagship fund snubbed
Neil Woodford’s flagship Equity Income fund has been removed from FE’s approved list amid concerns over its “illiquid” investments and replaced by his recently launched Income Focus fund.
Poor advice record keeping surprises Guernsey regulator
Regulators in Guernsey have called on the island’s investment and insurance intermediaries to sharpen up following a thematic review that found room for improvement in the advice process.
Best Practice | 11 Sep 17
Liars using money saving expert to con victims
A host of dodgy companies and scammers are “trying to leach off the hard-earned reputation” of website MoneySavingExpert.com and its founder Martin Lewis.
Jail term for ex-insurance worker in £280k fraud
A former employee of RSA Insurance Group has been jailed, while his accomplice received a suspended sentence, after they pleaded guilty to a number of fraud offences.