Aegon
Faulty Aegon investment models see investors get $97m refund
Work by an inexperienced junior analyst contained errors and ‘didn’t work as promised’
Aegon to sell two businesses to Dutch rival
The deal will see NN Group pay €155m
PEOPLE MOVES: Holborn, Carrick Wealth, Vanguard
Holborn Assets Hong Kong names its chief executive, Carrick Wealth appoints an acquisitions director who comes by way of the UK, Singapore and Dubai, while Vanguard bolsters its ETF Capital Markets team in Europe.
Mattioli Woods suspends DB transfer advice service
UK-based Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.
Providers to stump up 25% of advisers’ compensation bills
Despite some strong opposition, the UK financial regulator has released major plans to force providers to pay 25% of advisers’ Financial Services Compensation Scheme (FSCS) bills.