Pension mis-selling numbers, emerging market concerns and ethical champions - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Payments to 13,000 over pension mis-selling More than 13,000 people have been paid compensation totalling hundreds of millions of pounds after being told to put their pension savings into high-risk schemes that went wrong, this Sunday Times article reveals. The paper adds many did so after being advised by "unscrupulous financial advisers to transfer out of safe defined benefit (DB) schemes." A freedom of information request by the paper has shown the Financial Services Compensation Scheme has paid out £318m to 10,900 people, with an average pay-out of £34,000. In the four years to Mar...
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