United Kingdom
Pension firm with 15 schemes shuttered by UK court
A group of 15 rip off pension schemes operated by a single company, which duped savers and allowed “unsavoury advisers” to pocket £4m in commissions, have been declared insolvent.
UK regulator punishes advice firm for register failure
The Financial Conduct Authority (FCA) has taken strong action against a financial advice firm by cancelling its permissions after it failed to submit its regulatory returns.
Fines could drive UK pension cold-callers offshore
The UK Government has warned directors of companies who cold-call people regarding their pensions that they could be fined up to £500,000 ($663,562, €573,407), however one expert warns this may just drive their practices offshore.
Alternatives | 30 May 18
UBS Wealth in big hedge fund push
UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
Major lawsuit taken against Liberty Sipp
A law firm has issued more than 30 cases against self-invested personal pension provider Liberty Sipp, claiming it is the biggest lawsuit ever taken against the provider.