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There are 159 results for your search of 'pensions'
Showing results 76 to 90
As the shockwaves of the Wirecard accounting scandal continue to reverberate, dozens of FinTechs which rely on its card issuing and payment services have been forced to suspend customer accounts, leading to uncertainty for millions of individuals and small businesses across the UK. FStech contacted a number of the more than 70 companies who have reportedly been affected to assess the impact of Wirecard’s collapse on UK FinTech.
30/06/2020
The pensions dashboard is entering the next stage of the process to build the technology which will enable individuals to view all their pensions in one place online. The Pensions Dashboard Programme (PDP), set up by the Money and Pensions Service (MaPS), has responsibility for designing and implementing the ecosystem which will make pensions dashboards work.
22/06/20
Traditional insurance companies are currently facing threats on several different fronts, from Coronavirus-related payouts to cyber security challenges and InsurTech disruption. The most immediate concern is that the pandemic is hitting every industry in many different ways.
15/06/20
Wealthify's co-founder and chief executive Richard Theo, along with chairman Richard Avery-Wright, are leaving the business. A statement from the Cardiff-based FinTech explained that Andrew Russell has been appointed as its new chief executive, as it becomes 100 per cent owned by Aviva.
05/06/20
Wealth Wizards has launched an automated ‘algorithmic’ abridged advice service for defined benefit (DB) pension transfers, following abridged advice from the regulator that it will be a permitted service for triaging clients seeking advice. The Financial Conduct Authority (FCA) today set out a package of measures designed to address weaknesses across the DB transfer market, including steps to reduce conflicts of interest by banning contingent charging, as well as help for advisers which want to provide good quality advice to their customers.
05/06/20
Analysis from Kearney has predicted that a quarter of bank branches will close across Europe in the next three years as new customer habits around digital banking - forced by the pandemic - become permanent. This is a sharp increase in the ongoing trend of bank branch closures across Europe, which saw 35 per cent branch closures in the last 10 years.
27/05/20
Freetrade has raised more than £7 million from more than 8,000 people in a Crowdcube fundraise - the largest equity crowdfunding campaign to be completed in the UK this year. The funds will be used to accelerate the stock trading app's growth, which has increased in the past year to 150,000 customers. In 2019 the startup raised $15 million, including a Series A with venture capital firm Draper Esprit.
20/05/20
Platform-as-a-service provider FNZ has agreed to acquire Dublin-based third-party administration (TPA) solutions firm Irish Progressive Services International (IPSI) from Irish Life. Established in 1998, IPSI offers end-to-end TPA solutions to the life insurance and pensions industry. The company currently employs more than 250 people and services more than €30 billion in assets under administration.
10/02/20
If financial advisers don’t start securing customer communication channels, then the regulator is likely to make an example of them, according to experts. Speaking at the Empowering Advice Through Technology conference yesterday, Origo Services managing director Anthony Rafferty pointed out that more than half of the Financial Conduct Authority’s most recent Business Plan for the industry made reference to cyber security measures.
31/01/20
Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), has announced a new £12 million commitment from UK aid and J.P.Morgan to advance financial inclusion for underserved people across the world. Over the next three years, the inclusive FinTech accelerator will support the growth of 30 additional startups across five key emerging markets: Kenya, Nigeria, South Africa, India and Mexico.
21/01/20
ABAKA has completed a Series A funding round with a joint investment of $6.5 million from Thames Trust, Ace&Co and Downing Ventures. This means total investment in the London-based digital retirement solutions provider to date has reached $10 million.
19/12/19
TSB is facing a fresh IT glitch after customers failed to receive wages, benefits, pensions and other payments into their accounts. The latest technical issue is likely to affect thousands of customers and comes just days after the publication of a scathing report into the handling of a botched systems upgrade that left 1.9 million customers locked out of their online accounts.
22/11/19
Nesta Challenges’ Open Up 2020 Challenge has named the 15 FinTechs to secure funding for solutions that use Open Banking to transform how people across the UK manage their finances. Run in partnership with Open Banking Limited (OBL), the prize has awarded each of the different solutions £50,000 of the £1.5 million prize pot. Three of them will also receive an additional £50,000 based on their solution’s emphasis on financial inclusion.
14/11/19
The Tax Incentivised Savings Association (TISA) has completed the first phase of its project to deliver an Open Savings and Investment infrastructure, building on the back of Open Banking reforms to create wider Open Finance data sharing. This supports the Financial Conduct Authority’s (FCA) strategic ambitions, which TISA is actively involved in.
16/10/19
UK Open Banking tech provider TrueLayer is establishing a presence in Australia, making it the first European specialist to do so. Earlier this year, TrueLayer was selected by the UK’s Department of International Trade to pilot its FinTech bridge programme to Australia, alongside Smart Pensions.
14/10/19