Master Adviser and Chancery Lane founder Doug Brodie has urged retail investors to vote against a cancellation of Aviva and General Accident irredeemable preference shares in upcoming votes as Professional Adviser reports. An interesting tale with an adviser taking an active position.
Proactive Investor gives some more of the details of the offer, here.
The Financial Conduct Authority has launched its much-awaited pure protection market study on fair value for consumers as Money Marketing reports.
The study, launched on the 21st March, will look at how well the distribution of pure protection insurance products is working for consumers.
The regulator said while it has seen indications of good outcomes for consumers and relatively few complaints, there are concerns that commissions used to sell these products may affect the outcomes consumers receive and the products’ value or design.
Citywire founder Lawrence Lever writes a rather scathing opinion about Abrdn/Aberdeen.
“The tragedy of financial services group aberdeen, Abrdn, Aberdeen or Standard Life Aberdeen is not in the various names it has tried but in the merger between Standard Life and Aberdeen Asset Management which created it in the first place, and which should never have happened,” he writes.
Peter Tutton, associate managing director at Nardello & Co, tells the latest FT Adviser Editor’s Podcast that many companies in the UK are failing to ensure full and frank accountability under current whistleblowing frameworks.
He points to figures from Whistleblowers UK, which reported that 97 per cent of all whistleblowing cases that go to court fail.
More than two thirds of employers now offer a responsibly invested company pension – but less than half have this as the default option, as Corporate Adviser reports.
These findings, in Scottish Widows’ latest Responsible Investment Pensions Report, show that the onus is often on employees to take action, if they want a more sustainable pension option – but almost two thirds (61 per cent) of workers say they had no idea how to switch funds within a workplace pension.
