Private Markets: Next UK Wealth Mis-Selling Scandal?
Experts warn that private market investments could become the next mis-selling scandal in UK wealth management, as high fees and illiquidity pose risks to retail investors.
Category : Insurance
Santander Loses 20,000 Customers in Switching Surge
Santander lost nearly 20,000 current account customers in three months as Nationwide topped switching tables with 41,450 gains, new CASS data reveals.
Citi and Goldman ETF Platforms Face Challenges
Major banks Citi and Goldman Sachs encounter difficulties with their ETF platforms, as size fails to ensure success in the competitive financial market.
Allianz Partners with Tennis Star Jannik Sinner
Insurance giant Allianz announces multi-year partnership with Wimbledon champion Jannik Sinner, who becomes global brand ambassador supporting his foundation.
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Santander Axes 44 Branches, 291 Jobs at Risk
Santander announces closure of 44 UK branches, putting 291 jobs at risk, as digital transformation accelerates amid industry-wide branch network reductions.
St James's Place Hits £220bn Funds as New Fees Prompt Client Questions
St James's Place has exceeded £220 billion in funds under management, a significant milestone, while facing client inquiries over its new fee structure and charges.
Martin Lewis: Best Time to Renew Car Insurance
Money expert Martin Lewis shares crucial advice on when to renew car insurance for the cheapest quotes, revealing how timing can nearly halve your premium costs.
Nationwide Leads Bank Switching, Santander Falls
Nationwide Building Society secured the highest net gains in current account switchers during Q3 2025, while Santander faced significant losses amid ongoing technical issues across the banking sector.
Zillennial Scammed by Bank Text: A Warning
A digitally literate young adult shares how a holiday text scam led to a $500 loss, highlighting that cybercrimes target everyone, not just the vulnerable.
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BNP Paribas AM Eyes Private Credit Risks
Europe's largest alternatives manager, BNP Paribas Asset Management, is cautiously navigating private credit risks following its merger with Axa IM, amid market concerns.
Investors Warn of Mis-Selling Risk in Private Markets
Financial experts caution retail investors about mis-selling risks as they increasingly pour money into private markets, highlighting transparency and suitability concerns.
Bank of Scotland Fined for Russia Sanctions Breach
Bank of Scotland has been fined £160,000 by UK regulators for processing payments to a sanctioned individual during Russia's war in Ukraine.
Protect Your Pension: Key Tips for Turbulent Times
Expert advice on managing your pension through life events, from auto-enrolment to parental leave, to ensure long-term financial stability and avoid costly mistakes.
Security Bosses Protect West End Lawyers from Phone Snatchers
Law firms in London's West End are hiring specialised security bosses to shield lawyers from escalating street crime, including phone snatching and theft, amid growing safety concerns.
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ISA, Pension or Mortgage Overpayment? Expert Weighs In
Fidelity specialist Marianna Hunt examines whether to invest in an ISA, contribute to a pension, or overpay a mortgage amid current interest rate expectations, highlighting key financial considerations.
UK Vet Sector Reforms Aim to Cut Pet Care Costs
New government proposals require UK veterinary practices to publish clear pricing for treatments, aiming to reduce costs for pet owners after CMA investigation found fees rising at double inflation.
LA Wildfire Insurance Crisis Exposes Industry Flaws
After devastating wildfires in Los Angeles, homeowners face insurance delays and lowball offers, highlighting a broken system amid climate volatility and record industry profits.
Brand Beckham's Resilience in Family Scandal
Experts analyse how David and Victoria Beckham's strategic silence and decades of brand-building are protecting their empire from Brooklyn's explosive allegations.
Post-9/11 Banking Reforms Freeze Out Innocent Citizens
A Welsh farm project reveals how anti-terrorism banking measures disproportionately target Muslim communities, creating financial exclusion while failing to stop terrorism.
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Switzerland to Keep Wealth Crown, Says Lombard Odier
The UK head of Lombard Odier asserts Switzerland will maintain its global wealth management leadership, citing political stability and expertise.
PMI Claims Rise as City Workers Seek Quicker Care
Diagnostic tests top private medical insurance claims as City workers increasingly use coverage for everyday health needs amid NHS waiting lists, with mental health services also prominent.
Bank of Scotland Fined £160k for Putin Ally Sanctions Breach
Bank of Scotland has been fined £160,000 by UK sanctions watchdog OFSI after opening an account for Dmitrii Ovsiannikov, a sanctioned Russian official and Putin ally.
Scam Warning: 5 Texts You Should Never Reply To
Security experts reveal the five most dangerous text message scams targeting Brits, including fake HMRC refunds and bank security alerts, with warnings to never reply.
Bunnings ACCC Probe Over Timber 'Greenwashing' Claims
The Wilderness Society has lodged a formal complaint with the ACCC, alleging Bunnings may be selling unlawfully logged timber while promoting responsible sourcing policies.
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Lloyds Fined £160k for Russian Sanctions Breach
Bank of Scotland, part of Lloyds Banking Group, has been fined £160,000 for processing payments for a Putin ally, with OFSI reducing the penalty due to voluntary disclosure.
Hargreaves Lansdown Overhauls Fees Amid Competition
Hargreaves Lansdown announces major fee changes from March, cutting costs for many customers while introducing new charges, as competition in the investment platform sector escalates.
UK Drivers Question Mis-Sold Car Finance Deals
Growing consumer awareness is prompting UK drivers to review past car finance agreements, focusing on transparency, affordability, and commission structures.
Adult Children at Home: IHT Liability Guide
Financial expert Marianna Hunt clarifies whether paying for adult children living at home creates inheritance tax liabilities, with practical advice for parents.
Invalid Will Sparks New Career in Will Writing
A mother's discovery that her unwitnessed will was invalid led to anxiety about her children's future and inspired her to retrain as a professional will-writer, helping others avoid common pitfalls.
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Bank of London Losses Grow as Regulatory Probe Continues
The Bank of London is grappling with increasing financial losses while remaining under an active investigation by UK regulators, raising concerns over its stability and compliance.
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