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United Kingdom

Best Practice | 15 Feb 18

How was the British Steel pension scandal allowed to happen?

A damning report from the UK’s Work and Pensions Committee has blasted the actions of some financial advisers who acted like “vultures”, and who “bamboozled” British Steel Pension Scheme (BSPS) members, raising questions about how this could happen in a post-RDR world?

Cryptocurrency exchange puts $250k bounty on hackers

Africa | 15 Feb 18

Bitcoin to become ‘significant feature’ in modern day divorce

The rise of cryptocurrency, and in particular Bitcoin, means divorcing couples may use the currency to hide their wealth from one another, warns a family law expert.

Companies | 15 Feb 18

RL360° targeted in insurance scam

Insurance firm RL360° is the subject of a law suit on the Isle of Man for damages alleging breach of contract and negligence after it paid out a policy belonging to a deceased doctor, who turned out to be alive and the victim of identity theft.

Steel workers fed sausage and chips in pension transfer bid

Companies | 15 Feb 18

Steel workers fed sausage and chips in pension transfer bid

A company that introduced British Steel Pension Scheme (BSPS) members to the now-collapsed IFA firm Active Wealth offered “sausage and chips” meals in meetings heavily geared towards pushing transfers on them, according to a damning Work and Pensions Committee report released Thursday.

Companies | 14 Feb 18

IFA linked to British Steel pension transfers goes under

IFA firm Active Wealth has gone into liquidation, four months after it was suspended from taking on new clients after the UK regulator raised concerns it gave “questionable advice” to British Steel Pension Scheme (BSPS) members.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.