Wealth managers
Wealth managers
The Financial Conduct Authority (FCA) has discovered poor practice on all annuity price comparison websites, with 12 out of 13 found to have breached TCF rules.
14 February 2014
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1 min read
Wealth managers
Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.
14 February 2014
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5 min read
Wealth managers
Zurich Life has blamed a drop in its bond business on the impact of the Retail Distribution Review (RDR) - as it reveals a 42% fall in operating profits.
13 February 2014
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Wealth managers
The Financial Conduct Authority (FCA) has fined HomeServe Membership Limited £30.6m in its largest ever retail fine for mis-selling.
13 February 2014
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1 min read
Wealth managers
Former Financial Services Authority (FSA) chairman Lord Turner has warned that the UK has failed to rebalance its economy and is simply repeating the errors made in the run-up to the 2007/8 financial crisis.
11 February 2014
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1 min read
Equities
Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.
11 February 2014
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Financial services
The Financial Services Compensation Scheme (FSCS) is to pay out £100,000 to around 400 savers after a Kent-based credit union collapsed.
11 February 2014
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Wealth managers
The transition management industry does not warrant large-scale Financial Conduct Authority (FCA) intervention despite State Street being fined almost £23m for overcharging clients.
10 February 2014
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1 min read
Wealth managers
HM Revenue and Customers has issued a warning to taxpayers not to be caught out by email phishing scams offering tax rebates in return for bank account or credit card details.
10 February 2014
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