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Bond turmoil causes annuity rates to surge
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The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.
Failed SIPP firm Unity sold as FCA probe continues
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Unity SIPP, part of the failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).
Read more: Failed SIPP firm Unity sold as FCA probe continues
Financial services optimism falls after Budget
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The financial services sector has seen a sharp fall in optimism since Chancellor Rachel Reeves’ first Budget in October, according to the latest quarterly CBI Financial Services Survey.
Change management specialist joins Ombudsman
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Change management specialist Marc Harris has joined the Financial Ombudsman Service (FOS) as its new chief operating officer.
ASA bans burning banknotes ads from SIPP provider
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The Advertising Standards Authority has banned several advertisements for investment platform and SIPP provider Wahed Invest which showed US and Euro banknotes on fire.
Read more: ASA bans burning banknotes ads from SIPP provider