United Kingdom
Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
Best Practice | 19 Feb 18
Panama Papers to net UK taxman extra £100m
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
Best Practice | 19 Feb 18
7 tips to compare drawdown providers
The number of providers offering drawdown has gone up since the pension vehicle was first introduced in the UK in 1995, but differences in quality of service and charges can be substantial, warns Hargreaves Lansdown, which has offered seven tips to compare providers.
Sanlam UK acquires £60m financial planner firm
Sanlam UK has continued its expansion by acquiring financial planning firm Grennan Advisers, adding £60m of assets under management (AUM).
Best Practice | 19 Feb 18
Stricter rules needed to tackle pension scams
The majority of UK adults want stricter rules put in place to ensure their pension pots are secure, according to research by the Pensions and Lifetime Savings Association (PLSA).