United Kingdom
Experts react to DB pension transfer ruling
Pension experts have welcomed the clarity the Financial Conduct Authority (FCA) has established for defined benefit (DB) pension transfers through its updated rules. But they warn further, lengthy, consultation may not be the best way to address issues of poor practice that have come to prominence in recent months.
Aberdeen Standard Investments sues Provident Financial
Provident Financial is embroiled in a legal battle with Aberdeen Standard Investments, one of its largest investors, over an FCA probe into its troubled credit card unit Vanquis Bank.
FCA keeps ‘unsuitable’ DB transfer assumption
The Financial Conduct Authority (FCA) has backtracked on a proposal to change its position that an adviser should assume that a Defined Benefit (DB) pension transfer is “unsuitable” for a client.
PEOPLE MOVES: WHIreland Int’l Wealth, AIA and HANetf
WHIreland hires a PWC partner as non-executive chairman, AIA Singapore announces its next chief technology adviser while HANetf appoints a former Blackfriars employee as director of operations.
Tax & Technical | 23 Mar 18
Contractor pay needs rethink – tax expert
A tax expert has called for UK legislation which has triggered a freelance pay scandal at the BBC, to be overhauled.