News
Australian stockbroker took financial ‘advice’ from psychic
The head of a failed Australian stockbroking firm, which collapsed owing investors A$61m (£36m, $47m, €42m), took financial advice from a psychic who claimed she could ‘manipulate electromagnetic energy’ to get “better outcomes” for the company.
Best Practice | news 23 Sep 16
Two-thirds taking cash from pensions did not seek advice
Two-thirds of recent UK retirees who took cash from their pension pots during their first year of retirement did so without seeking any professional advice.
Japanese equities preferred to eurozone – NN IP
Japanese equities could be preferable to eurozone equities due to higher corporate profitability and greater political certainty, said NN Investment Partners.
Australia’s Westpac to remove sales incentives for staff
One of Australia’s big four banks, Westpac Banking Corp, has announced plans to remove all product related incentives from frontline staff in its retail branches as part of efforts to rebuild trust with its customers.
Aegon sells Ukraine life business, exits market
Aegon has agreed to sell its Ukrainian life business to local insurance firm TAS Group, a move that will see the Dutch insurer exit the market after less than four years.