United Kingdom
UK ombudsman backs complaint after pension fund falls 50%
Britain’s Financial Ombudsman Service (FOS) has found in favour of a former client of PFP Wealth Management after funds it chose for his pension slumped nearly 50% in the first year.
Tax & Regulation | 27 Sep 17
Investment managers optimistic ahead of Mifid II
After a drop off in sentiment in the previous three months, asset and wealth managers in the UK are more optimistic about their overall business situation, according to the latest CBI/PwC Financial Services Survey.
Kames Income hub | 26 Sep 17
Online wealth manager launches cost comparison tool
Many investors are not aware how much their wealth manager is charging them for advice and management services, according to online wealth manager Netwealth.
Canada Life International targets wider market
The portfolio bonds from Canada Life International (CLI) have halved the minimum single and additional investment amounts and increased the maximum age of the youngest life assured by 10 years.
FCA rejects demand to review point of sale disclosure
Calls for a review of the complex and lengthy disclosure documents clients receive at the point of sale (POS) have been rejected by the Financial Conduct Authority despite the regulator admitting that customers can get confused.