News

HMRC has urged the pensions industry to continue to work closely with it to stamp out pensions liberation.

Allfunds Bank has poached another Cofunds director, Bradley Lewis, to spearhead its expansion into the UK market.

The Institute of Financial Planning (IFP) is to push ahead to become more influential in the marketplace following a year of building foundations, its acting CEO Steve Gazzard has said.

An independent financial adviser (IFA) behind a number of suspected pension liberation vehicles appeared to be "playing fast and loose" in setting up the schemes, the High Court has heard.

The practice of product providers facilitating the payment of adviser charges to IFAs is likely to "fall horribly on its face", just as it did in Australia a decade ago, according to a business consultant.

The Financial Conduct Authority (FCA) has censured Catalyst Investment group for misleading investors in its promotion of ARM Asset Backed Securities bonds and has fined its former chief executive, a former director, and the ex-compliance officer.

Zurich has seen a 4% rise in the number of income protection claims settled in favour of the claimant in the first six months of the year, paying out to 94% of cases.

HM Revenue & Customs (HMRC) is to work more closely with The Pensions Regulator (TPR) to scrutinise small pension schemes for potential fraud.

AMPS chairman Andrew Roberts has stepped down.

Multi-asset managers are raising cash levels and adding to government bonds as fears over the US economy spook investors.