Top 10 UK stories of 2017
By Tom Carnegie, 21 Dec 17
Qrops charges, an FCA crackdown on pension transfers and court action taken by a former English footballer against his ex-financial adviser were some of the most read stories this year. Scroll through the slides to see the 10 most clicked UK articles of 2017.
In April it was revealed that sixteen UK firms had agreed with the FCA to stop any activities related to pension transfers for the entirety of 2016.
The information was revealed in response to a freedom of information request. At the time the UK regulator said that during 2016 a total of 13 firms voluntarily agreed not to carry on any activities related to switches and/or transfers to any self-invested personal pension schemes (Sipps).
Additionally, 23 firms stopped all activity related to pension switches during the same period.
The story followed the announcement in February 2017 that DeVere UK was ordered to “immediately cease” providing advice on overseas pension transfers in February 2017, and could therefore not be included in the FOI data.
Another firm that fell foul of the watchdog was Holborn Assets, which was ordered to immediately cease all pension transfer business, particularly that introduced by overseas advisers, in March.
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