Products
Private placement life insurance schemes under investigation in US
Products are allegedly being used by wealthy Americans ‘to avoid and evade taxes’
Schroders launches food and water fund in Singapore
It will be exclusively offered to HSBC’s retail banking clients in the country
Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
South Africa perplexed by ZAR 90bn of unclaimed assets
Most of which sits in retirement funds in part because of inadequate record keeping by intermediaries
AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive