Quilter has set aside £12m to cover redress payments to British Steel workers advised to transfer out of their defined benefit (DB) pensions scheme by Lighthouse Group, its annual results revealed.
Quilter bought Lighthouse Group in June last year bringing an additional 390 advisers to the firm's growing adviser operation. However, an affinity deal between Lighthouse and the steelworkers' union resulted...
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An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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