News 19 Jun 18
Intrinsic to compensate client for pension transfer charges
Intrinsic Financial Planning has been ordered by the UK’s Financial Ombudsman Service (FOS) to compensate a client who says he was not aware of the charges that were applied to his pension on transfer.
Royal London AM pans income share classes for retirement
As the desperate search for yield pushes investors unnecessarily up the risk spectrum, investors should put their money in accumulation share classes for retirement income , according to Royal London Asset Management (RLAM).
News 18 Jun 18
Premier Group directors could be questioned in court
The Isle of Man-based directors of the failed New Earth Recycling and Renewables (NERR) fund could be interviewed in open court under oath, as the liquidator seeks to “clarify the affairs and dealings of the company”.
Aussie bank faces landmark lawsuit over bad advice
Major Australian bank Westpac could face multi-million dollar fines after the country’s financial services watchdog commenced legal proceedings against it over allegations of poor financial advice provided by one of its former employees.