United Kingdom
Standard Life shareholders reject CEO Skeoch’s pay packet
Nearly a quarter of shareholders voted against Standard Life’s remuneration package, despite the company’s chief executive Ketih Skeoch agreeing to a last-minute pay cut.
Retirement | 17 May 16
Excessive due diligence not expected of UK Sipp providers
The UK’s Pensions Ombudsman has found in favour of Sipp providers in a case where a client made non-regulated investments without seeking financial advice.
Axa Wealth posts strong Q1 growth
Axa Wealth, the UK life insurance and wealth management arm of France’s Axa Group, boosted funds under management by 9% in the first quarter this year, helped by a 30% rise in pension product sales following the government’s reforms to the sector.
Tax & Regulation | 16 May 16
FCA fines former Towry adviser £36k for insider dealing
A British financial adviser has been fined £36,285 (€46,048, $52,086) and banned for two years for insider dealing by the UK’s Financial Conduct Authority (FCA).
Mercer deploys financial planning strategy in war for talent
Mercer has launched a financial planning business in collaboration with sister company Jelf Group, offering advice, health checks, and wealth management services to companies and their employees.