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United Kingdom

Pensions

 

FCA ends fair treatment investigation into Scottish Widows

LONDON Britain's financial markets regulator said on Tuesday it had ended its investigation into Scottish Widows, as part of a thematic review into the fair treatment of longstanding customers in the life insurance sector.

Recent Pension News

Standard Life Aberdeen to return as much as 1.75 billion pounds to investors

LONDON Standard Life Aberdeen plans to return as much as 1.75 billion pounds to its shareholders in the wake of the sale of its insurance business to Phoenix Group .

Business, 29 May 2018

Fed and Bank of England tell markets to step up shift from Libor

LONDON The U.S. Federal Reserve and Bank of England on Thursday urged global financial markets to step up efforts to shift from the scandal-plagued Libor reference rate to alternative interest rate benchmarks.

Business, Money, Money Home 24 May 2018

UK watchdog says automated financial advice falls short

LONDON Automated financial advisers must provide more clarity on their fees and gather more information on a customer's financial circumstances to ensure they receive the appropriate service, Britain's markets regulator said on Monday.

Business, Money, Money Home, 22 May 2018

Exclusive: World's biggest gold ETF launching new low-fee fund - source

LONDON The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters.

08 May 2018
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BoE chief economist boosts chance of August hike with vote for rate rise

LONDON The Bank of England bolstered expectations that at its next meeting it will raise rates for only the second time in a decade, after its chief economist unexpectedly joined the minority of policymakers voting for a hike on Thursday. | Video