UK - Individuals given poor investment advice on free standing additional voluntary contributions will receive compensation totalling £250m.
A review set up by the FSA in February 2000 has reviewed FSAVC policies taken out by almost 100,000 people.
Managing director John Tiner said: “The FSAVC review was a carefully targeted exercise and it will make a real difference to the retirement income of tens of thousands of people.”
The HSBC Bank UK Pension Scheme is to invest £250m in renewable energy infrastructure, such as solar plants and wind farms, with Greencoat Capital.
With Brexit talks breaking down late on Sunday night in Brussels over the Irish border, investors may be wondering how to best navigate the next few weeks and months. Our assessment is that a number of UK assets have already priced in a significant chance...
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.