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AJ Bell says its 172,000 customers will be offered ‘exclusive’ access to an Initial Public Offering of shares in the business.
The Ombudsman has ruled that an adviser must compensate a client who lost nearly £30k through an unsecured Sipp loan.
Advisers’ calls for an income option in AJ Bell’s Managed Portfolio Service has prompted the company to launch four new portfolios.
The beginning of February saw the FCA issue a discussion paper DP18/1: Effective competition in non-workplace pensions. Within the discussion paper, the FCA estimates that non-workplace pensions amount to around £400bn in AUM, double the amount invested in DC pensions schemes.
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The long-awaited ban on pensions cold calling may come into effect this year as early as June after the government committed to legislation to introduce the measure.
The first Spring Statement will be delivered by the Chancellor a week from today on 13 March, replacing the traditional March Budget.
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