United Kingdom
Millions in power of attorney fee refunds unclaimed
Less than a fifth of the £69m pot has been paid out
Only 25% of people seek regulated advice for Sipps
A UK MP has branded the trend ‘worrying’, especially if investors don’t have a financial buffer
Financial ombudsman reports surge in Sipp enquiries
Also increase in portfolio management cases and referrals between October and December 18
Fraud centre reveals ‘shocking’ £197m losses for victims
Chameleon-like scammers are ‘adept at changing to present themselves as the genuine article’
PEOPLE MOVES: Vanguard, Quilter, Brewin Dolphin
CIO change at Vanguard, UK wealth manager names CEO and retail client solutions director exits Quilter