News by: Brian Cantwell
London-based Helm Godfrey has teamed up with Scottish Widows to launch an auto-enrolment pension scheme aimed at the film and entertainment industry.
David and Carol Ames, the husband and wife team behind stricken investment scheme Harlequin Property, have been served with a freezing order on their assets by a High Court judge.
Advisers could face footing a Financial Services Compensation Scheme (FSCS) bill of more than a £100 million due to mis-selling of Harlequin Property investments, a solicitor has warned.
Insurer Aviva has been hit by £54 million in restructuring costs for the first three months of 2013, but was boosted by strong sales in its UK life and pension business.
Suffolk Life’s managing director David Hobbs has left the Sipp provider to replace Stephen Mohan as managing director of operations at platform provider Cofunds.
Savers face difficult decisions as annuities provide better overall retirement income despite the lowest rates on record, while drawdown, seen as the more flexible option, can leave savers worse off in the long term.
Royal London’s wrap platform Ascentric has enjoyed its best ever quarter with record inflows pushing assets under administration to nearly £6 billion.
The recent wave of Sipp consolidation looks set to continue apace as established providers pick off smaller players in the wake of the regulator’s proposed capital adequacy rules.
National advice firm Jelf Group has acquired insurance broker The Insurance Partnership in a deal worth up to £15.5 million.
The government’s plan to ban consultancy charging could reduce the availability of advice to employers, according to the Association of British Insurers.
The Department for Work and Pensions is set to ban consultancy charging schemes for both occupational and personal pension schemes.
City of London Police has stepped up its fight against pension liberation firms with a dawn raid on a central London call centre and a series of arrests.
HM Revenue and Customs has teamed up with the United States' Inland Revenue Service and Australian Tax Office in an effort to crack down on tax evasion in foreign territories including Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands.
Mark Cardy, Peter Chadborn and Paul Scott give their top tips on how to approach employer clients about auto-enrolment.
HM Revenue & Customs seems unable to stem the tide of pension liberation schemes, but if it is serious about getting a handle on this issue, it could do worse than look to the way the Financial Conduct Authority operates.
The government is pushing to implement its plans for third way pension schemes, known as defined ambition (DA), from as early as next year.
Prudential has seen its sales of with-profits bonds fall in the first quarter of 2013 as a result of the retail distribution review (RDR).
London-based Principal Financial Solutions has hired chartered financial planner Karthica Underwood from Addidi Wealth, and is hoping to recruit two more advisers as it looks to expand.
Financial planners have a crucial role to play in offering long-term care advice following government reforms and the retail distribution review, according to Ernst & Young.
David Williams and Ollie Bridgman of Crewe-based Jones Sheridan Financial Consulting are gearing up for a 140-mile cycle ride across the UK to raise money for local charity The Wingate Centre and the British Heart Foundation.