PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the launch of an investigation by the Work and Pensions Select Committee of MPs into pension scams and their detrimental impact on consumers. 

Fraudsters are targeting retail investors in new, sophisticated and large-scale scams, convincing some savers to purchase bogus investment products and disclose their personal details, according to a warning from the Investment Association (IA).

PIMFA, the trade association for the wealth management and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) announcement that it intends to make the ban on marketing of so-called mini bonds, introduced in January, permanent.

The UK’s Financial Conduct Authority has set out plans to tackle unsuitable advice given to those considering transferring out of a defined benefit pension scheme. 

Businesswoman, campaigner and philanthropist Gina Miller is aunching a new initiative, www.messagesoflove.co.uk, to provide the British public with a simple, safe and secure way of leaving private messages for loved ones during uncertain times due to the Covid-19 pandemic. 

EFAMA, a body representing the European investment management industry, has called the current regulation on investment products for retail investors “fundamentally flawed”, saying it provides investors with “misleading information”.

Carey Olsen Bermuda partner Keith Robinson has been elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC).

Premier Capital Advisors, a wealth advisory and investment management firm serving clients throughout Latin America and the Caribbean, has surpassed the threshold in assets under management to be (classified) as a large advisory firm and is now registered with the US Securities and Exchange Commission (SEC).

One of the largest auto-enrolment pension providers in the UK has warned that millions of people saving for retirement through auto-enrolment will continue to pay a disproportionate share of the rising costs of pensions regulation unless the General Levy is reformed.

PIMFA, the trade association for the investment services and financial advice industry, has published a paper on the future of supervision entitled 'FCA Supervision – fit for purpose?'