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Latest News - Jun Merrett

Nucleus operating profits surge as assets hit £7bn

Nucleus has boosted its operating profits by 85% to £1 million which it put down to growth in assets and low costs.

Phoenix forecasts £57m hit on profits as gov't pension plans bite

Phoenix has forecasted a £57m drop in future profits due to the Budget and charge cap plans.

Strewth! Aussie advisers face whopping redress bill

If you thought UK advisers had a bad reputation, then spare a thought for your Australian counterparts.

FCA bans former mortgage adviser

The FCA has banned former mortgage adviser Abdul Razzaq.

Ex-Honister IFA jailed for stealing £85k from clients

A financial adviser has been jailed for five years for theft.

FSCS declares 28 advice firms in default

The FSCS has declared 28 advice firms in default.

BoE develops plan B for independent Scotland

The BoE has developed contingency plans in the event of Scotland becoming independent.

Woodford could net £2m from tech firm buyout

Neil Woodford could scoop £2m from one of his investments as Daisy Group looks for a sale.

Partnership eyes drawdown product as annuity sales fall 50%

Partnership is looking to launch a drawdown type product following a drop in annuity sales after the Budget.

Aegon life sales fall but platform picks up performance

Aegon UK has seen a 28% increase in its underlying earnings to £26 million in the second quarter of 2014.