Articles
The UK economy has officially entered recession with two straight quarters of economic decline for the first time in 11 years, according to official Government GDP figures.
£3m recovered from wealth manager Ponzi-scheme
Written by Kat MitchellThe City of London Police have recovered £3m from a former Hertfordshire-based HBFS Financial Services boss who was found guilty of running a Ponzi-scheme in 2018.
The Personal Finance Society has launched an Associate Firm membership for Financial Planning firms that want to show their alignment to the professional standards and code of ethics set by the professional body.
Oldest kickstarted into retirement by pandemic
Written by Kat MitchellToday’s Office of National Statistics figures on the UK labour market showed it is the youngest and the oldest in the workforce who are most likely to have been made redundant as a result of the Coronavirus pandemic.
Nigel Green, chief executive and founder of the deVere Group, has warned Financial Planners and their clients to prepare for the potential fallout from the upcoming US elections.
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Quilter increases pension transfers redress provision to £24m
Written by Kat MitchellIn its half year results, Quilter has doubled the funds it has put aside for redress for DB pension transfers that were undertaken by Lighthouse prior to its acquisition by the wealth manager and financial planner.
SIPP introducers to pay over £10.7m compensation
Written by Kat MitchellThe High Court has ordered illegal pension introducers Avacade, Alexandra Associates to pay over £10.7m in compensation to consumers along with an additional £6.7m from their directors.
HMRC has trebled the number of football players being investigated for tax evasion so far in the 2019/20 tax year in comparison to last year.
Sanlam launches free virtual Financial Planning consultations
Written by Kat MitchellSanlam has launched a no-obligation virtual consultation service with its Financial Planners using software such as FaceTime, Zoom, Teams or Skype.