United Kingdom
Dozen UK firms went bust between August and September 2021
Nine were financial advice, pension and insurance services providers
Trade body says ‘enough is enough’ on lack of KID reform
Documents ‘overstate potential performance and understate risks’ which can mislead investors
L&G to merge insurance and retirement arms
Chief executive of insurance division to take charge
Alternatives | 18 Oct 21
£116,000 fine and ban for ‘reckless’ pension switching advice
Nearly 50% of client’s retirement pots invested in a high-risk strategy
PEOPLE MOVES: FCA, Deutsche Bank WM, Quilter
Chair of the UK financial watchdog to step down in 2022, as wealth manager hires managing director in Asia