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FSCS investigates SIPP transfer firm
The Financial Services Compensation scheme is investigating Wellington Court Financial Services Ltd over the transfer of client pensions into a SIPP.
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HNW savers underestimate pension funding by £300,000
High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.
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Transact owner set for £7.9m VAT battle with HMRC
Integrafin Holdings, the parent company of adviser platform Transact, is to challenge HMRC’s decision to exclude one of its companies from the UK VAT group.
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Minimum AE contributions should rise to 12% says ABI
The Association for British Insurers (ABI) has called for a gradual increase to the minimum contribution rates under auto enrolment from 8% to 12%.
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Tenth of UK savers hold 64% of pension wealth
Just a tenth of the population holds 64% of total pension wealth in the UK, according to the latest figures from the Office for National Statistics.
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