News

Legal & General (L&G) has sold its offshore bond operation to Canada Life's parent company Great-West Lifeco.

Adviser firm consolidator Attivo Group has acquired Reading-based IFA Sanderson Financial Consulting for an undisclosed sum - the first of what it hopes will be 12 purchases in 2015.

A presentation given by an IFA at a ‘money club' is set to cost the firm £45,000 in compensation after the Financial Ombudsman Service (FOS) ruled its slide show strayed into advice.

HSBC faces investigations by national authorities around the world over its role in helping more than 100,000 wealthy individuals avoid paying tax.

Consolidator AFH Financial has acquired Kidderminster-based advice firm K.L. Plester Financial Services for £1.7m.

A substantial minority of defined benefit (DB) pension scheme members are intent on transferring out to take advantage of pensions freedom, research has found.

Steve Webb believes his most notable achievement in five years as pensions minister has been the state pension reforms but fears his infamous Lamborghini comment could be his legacy.

Legal & General (L&G) is to buy equity release provider New Life Home Finance (Newlife) for £5m.

JOHCM's Clive Beagles has seen his UK Equity Income fund demoted in Sanlam Private Investments' latest Income Study, while AXA Investment Management's George Luckraft has moved on to the recommended list.

The number of people who stop paying contributions into auto-enrolment schemes after the opt-out window has increased by more than 50% at schemes run by provider Aegon.