News
Alternatives | news 30 May 18
UBS Wealth in big hedge fund push
UBS Wealth Management is recommending clients allocate up to 20% of their assets to hedge funds as a diversifier, especially in an environment where interest rates and volatility are increasing, according to the firm’s executives.
Major lawsuit taken against Liberty Sipp
A law firm has issued more than 30 cases against self-invested personal pension provider Liberty Sipp, claiming it is the biggest lawsuit ever taken against the provider.
Rathbones wins ruling on ‘lack of aggression’ client claim
The UK’s Financial Services Ombudsman (FOS) has found in favour of Rathbones in a case where a client alleged the provider mismanaged his Self-Invested Person Pension (Sipp) portfolio, leading to its underperformance and a financial loss.
Pay gap following women into retirement
Women retiring in 2018 will have 29% less income than men, according to research by Prudential which highlights that the UK’s gender pay gap remains a major issue.
PEOPLE MOVES: Amundi, TISA Exchange, Isle of Man
Amundi hires a former special adviser to an ex-French prime minister, the TISA Exchange names an industry veteran as its chair and the Isle of Man’s Department of Enterprise appoints a chief executive to its finance agency.