The UK has an impressive 99% literacy rate, according to international studies. While this is worthy of praises I suspect the ‘financial literacy’ rate for the UK is just a fraction of this and the country is poorer as a result. We have a population which is, seemingly, routinely scammed, cannot work out 15% of 100 and […]

The CISI Future Foundation, a body set up by the CISI to improve financial literacy, has been granted charitable status and can begin considering grant applications. The body, set up last year, aims to boost financial literacy in the UK and will focus initially on working with young people from disadvantaged backgrounds. The foundation aims […]

The Treasury has appointed experienced financial services executive Sophie Hutcherson to the FCS board and reappointed Bernadette Conroy for a second term. Mr Hutcherson is appointed as a non-executive director. She has 30 years’ experience in financial services and was a senior adviser to the CEO at Wells Fargo. She also held senior positions at […]

Investment, protection and retirement provider LV= is to replace Columbia Threadneedle Investments with BlackRock as its primary asset manager. The funds that will move to BlackRock have been with Columbia Threadneedle for 12 years. The transition will be phased over the next 12 months, subject to regulatory approval. LV= said the move will help build […]

A legal challenge against the Financial Conduct Authority’s decision to set up a redress scheme for former British Steel Pension Scheme (BSPS) members has been scrapped. According to press reports, the British Steel Advisor Group (BSAG) has dropped its challenge and paid the FCA £100,000 towards its costs. It had hired FS Legal Solicitors to […]