OMW hits pause on pension transfer service
Old Mutual Wealth is the second provider in a 24 hour period to suspend its transfer value analysis service (Tvas), following the Financial Conduct Authorities (FCA) new rules on pension transfers.
Clients of defunct DFM set for payment
The UK’s Financial Services Compensation Scheme expects to shortly make the first payments to customers of discretionary fund manager Strand Capital, which entered administration in May 2017.
PEOPLE MOVES: Abacus, RL360°, Coutts
Abacus has recruited from Globaleye, RL360° has bolstered its Latin America sales team with an Old Mutual Group alum and Coutts’ has parted company with its head of key client coverage more than three years after a sexual harassment investigation.
Woodford loses investors money over three years
Investors in Neil Woodford’s flagship equity income fund have now lost money over the last three years, as 2018 brings more hardships for one of the UK’s favourite star managers.
‘Unlimited fines’ on the way for offshore tax evaders
Prison sentences and “unlimited fines” are two draconian penalties HM Revenue & Customs (HMRC) will have at its disposal from next week for UK taxpayers who evaded tax through offshore means in tax year 2017/18.
