Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

Pension mis-selling numbers, emerging market concerns and ethical champions - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Payments to 13,000 over pension mis-selling More than 13,000 people have been paid compensation totalling hundreds of millions of pounds after being told to put their pension savings into high-risk schemes that went wrong, this Sunday Times article reveals. The paper adds many did so after being advised by "unscrupulous financial advisers to transfer out of safe defined benefit (DB) schemes." A freedom of information request by the paper has shown the Financial Services Compensation Scheme has paid out £318m to 10,900 people, with an average pay-out of £34,000. In the four years to Mar...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Retirees shun financial advice and take DIY approach to finances

Retirees shun financial advice and take DIY approach to finances

Four in five of over 55s who have retired, did so without financial advice

Sahar Nazir
clock 29 April 2024 • 1 min read
More than money: Putting your clients on the right track

More than money: Putting your clients on the right track

'In truth, financial advice is so much more than just money'

Roger Brosch
clock 29 April 2024 • 4 min read
Plugging the support gap in retirement 'not FCA's role'

Plugging the support gap in retirement 'not FCA's role'

Majority of professionals say FCA should not have to plug support gap

Sahar Nazir
clock 29 April 2024 • 1 min read