United Kingdom
Retirement | 13 Feb 17
Sipp complaints to ombudsman over risk suitability down 12%
Complaints about self-invested personal pension scheme (Sipps) investments not matching client risk appetites declined by a third over the past two years, according to new figures obtained by UK IFA firm Salisbury House Wealth.
Retirement | 13 Feb 17
Triple lock ‘should be reviewed’ after pensioner income rise
The UK pensions triple lock should be reviewed after a report found that typical pensioner incomes now outstrip the earnings of working age households, says Old Mutual Wealth pensions expert Jon Greer.
Investment | 13 Feb 17
Better Finance group names and shames ‘closet trackers’
Campaign group Better Finance has published the names of asset managers running so-called closet trackers: funds that closely hug an index. Some large asset managers are particularly well-represented on the list.
SJP slammed over ‘commission-style’ rewards for advisers
St James’s Place, one of Britain’s biggest wealth managers, has come under fire for paying its advisers using an ‘air miles’ type system which rewards them with trips and jewellery for bringing in high levels of client investment.
Channel Islands’ stock exchange to open Isle of Man office
The Guernsey-based Channel Islands Securities Exchange (CISE) plans to open a representative office in the Isle of Man next month after rebranding as The International Stock Exchange (TISE).