United Kingdom
Advisers join asset manager KID reform push
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
PEOPLE MOVES: Skagen, Wise Funds, Vistra
Vistra’s chief executive steps down, Wise Funds hires a fund manager from Schroders and Skagen Funds promotes one of its own to lead the company.
Massive boiler room scammer gets more UK jail time
A fraudster known as the “Wolf of Wimbledon” has been given an additional four years in prison after failing to pay a more than £7.5m ($9.9m, €8.5m) confiscation order, the Serious Fraud Office has confirmed.
Retirement | 28 Jun 18
UK regulator threatens drawdown fee caps
The Financial Conduct Authority has warned the pensions industry to clarify its charges or face caps, as part of a bid to drive up engagement and reduce costs for retirees in drawdown.
Utmost’s offshore bond range added to Zurich platform
Utmost Wealth Solution’s two Isle of Man-based offshore bonds have been added to the Zurich Platform.