Scottish Widows could be hit with a compensation claim which could cost it up to £1bn, following accusations it gave negligent advice to around a hundred final salary pension schemes.
The claim relates to advice given in 1999/2000 by internal Scottish Widows actuaries to switch out of with profits guaranteed deferred annuity funds into the Scottish Widows Managed Fund. Independent...
Total retail inflows double the 2018 figure
More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.
Likely to fall again before year end
To protect the interests of clients and shareholders
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down