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Aviva sells remaining Spanish business

By: Christopher Copper-Ind | 23 Feb 2018

UK-based international insurance and pensions company Aviva has announced the sale of its entire shareholding in life insurance and pensions joint ventures Cajamurcia Vida and Caja Granada…

STM completes on its Harbour Pensions acquisition

By: Helen Burggraf | 21 Feb 2018

STM Group, the AIM-listed cross border financial services provider known to many financial advisers for its pension transfer business, said today it has completed its acquisition of Harbour…

Isle of Man legislates for pension freedoms, despite industry misgivings

By: Christopher Copper-Ind | 21 Feb 2018

The Isle of Man’s government yesterday passed legislation in its budget for 2018 that will allow pension funds held on the island to be accessed once policy…

Report: British Steel pensions targeted by ‘vulture’ advisers

By: Christopher Copper-Ind | 15 Feb 2018

British Steel pension scheme members were targeted by “vulture” financial advisers after Indian firm Tata was allowed to offload its retirement fund, according to a report published…

UK gov’t publishes response to DWP pension scam report

By: Helen Burggraf | 13 Feb 2018

The UK government yesterday published an 11-page response to the Department for Work and Pensions’ Select Committee’s report of last year on Britain’s pension scam crisis, which…

AILO voices PEPP concerns

By: Helen Burggraf | 31 Jan 2018

The Association of International Life Offices has written to a key EIOPA official in Brussels to express its strongly-held view that draft regulation aimed at bringing into…

£6,000 ‘not to tell’: BBC radio investigation reveals details of three mis-advised UK pension victims’ experiences

By: Helen Burggraf | 29 Jan 2018

The way three individual British citizens were, they claim, talked into transferring their pensions  into what proved to be unsuitable investments – one of whom was then…

Pension fund managers cream 75% off the top

By: Christopher Copper-Ind | 29 Jan 2018

Fund managers are siphoning up to 75% off the value accrued on each pension scheme under their administration, according to new research. The startling findings, which are…

Pension scammers ordered to repay £13.7m

By: Christopher Copper-Ind | 24 Jan 2018

The UK Pensions Regulator won a legal battle in London’s High Court on Tuesday, which resulted in four people being ordered to repay £13.7m over the next…

FSCS declares three SIPP operator firms in default

By: Gary Robinson | 22 Jan 2018

The Financial Services Compensation Scheme (FSCS) has declared three SIPP operators – Brooklands Trustees Ltd, Stadia Trustees Ltd and Montpelier Pension Administration Services Ltd – in default.…

FCA strikes back against MP’s claims of ‘sleepwalking into a mis-selling scandal’

By: Eugene Costello | 19 Jan 2018

The UK regulator fought back hard this week against a suggestion by the chair of the Committee for Works and Pensions that it was was “grossly inadequate”…

FSCS: levy on UK financial, pensions advisers to rise again; SIPP claims cited

By: Helen Burggraf | 19 Jan 2018

The UK’s Financial Services Compensation Scheme said today that it plans to increase the amount it levies on UK financial services businesses by 5%, even though the…

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