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Qrops transfer rights secured but specialist advice essential

Qrops transfer rights secured but specialist advice...Lock icon

The UK government’s decision to make pension transfers into recognised overseas schemes a statutory right has been welcomed by the industry, but experts caution that advisers will need real expertise to ensure clients don’t fall victim to scams.

Five common myths about life insurance

Five common myths about life insurance

Having a good life insurance policy is an important component of long-term financial planning and the best financial protection clients can offer their loved ones. But a reluctance to talk mortality and pervasive myths mean that some people still are not covered, says Globaleye’s Tony Ashton.

Published : 22, Aug 2017
UK to limit right to transfer pensions but will include Qrops

UK to limit right to transfer pensions but will...Lock icon

As part of its crackdown on pension scams, HM Treasury has confirmed that it will limit the statutory right to transfer but will extend the proposed criteria to include qualifying recognised overseas pension schemes (Qrops).

CISI teams up with university to offer pre-graduation exams

CISI teams up with university to offer pre-graduation...

The Chartered Institute for Securities & Investment (Cisi) and Birmingham City University (BCU) have forged a partnership to give young graduates the opportunity to sit professional qualifications in financial services before finishing their degrees.

Published : 18, Aug 2017
How to make the most of unused inheritance tax allowance

How to make the most of unused inheritance tax...Lock icon

The UK tax office has recently updated its rules for transferring any unused portion of basic and additional IHT thresholds when the first person in a marriage or civil partnership dies.

Demand for CII pension transfer qualification soars

Demand for CII pension transfer qualification...Lock icon

More than 500 people signed up to the Chartered Insurance Institute’s (CII) pension transfers qualification in the first week of its launch on the back of the Financial Conduct Authority (FCA) tightening advice requirements for the transfer of safeguarded benefits.

Published : 15, Aug 2017
A quarter of Brits want a return to commission

A quarter of Brits want a return to commission...Lock icon

Half of UK clients would prefer to pay a fixed rate for a standard piece of advice work, such as setting up a pension, but almost a quarter want the return of traditional commission.

Published : 10, Aug 2017
Around half of global candidates pass CFA June exam

Around half of global candidates pass CFA June...

The number of mainland Chinese candidates sitting the Chartered Financial Analyst (CFA) exams once again exceeded those in the US, with 152,000 people sitting the exams globally.

Published : 9, Aug 2017
Striving for diversity and equality in financial services

Striving for diversity and equality in financial...Lock icon

“You can’t be what you can’t see” is the opening gambit for Jocelyn Wright’s campaign to bring more women and ethnic minorities into the financial planning sector.

Published : 8, Aug 2017
Int’l implications of the UK’s residence nil rate band

Int’l implications of the UK’s residence nil rate...Lock icon

The new Residence Nil Rate Band (RNRB) could have some complicated domicile-related ‘international’ aspects to consider, explains Graeme Robb, technical manager for the Prudential.

Published : 8, Aug 2017
Couple win fight against wealth firm over £200k fund transfers

Couple win fight against wealth firm over £200k...

The UK's Financial Ombudsman Service has upheld a complaint about the unsuitable transfer of investments worth around £200,000 ($260,869, €221,431) made against Attivo Financial Services.

Published : 7, Aug 2017
Three key ways to take financial planning forward: Carrington

Three key ways to take financial planning forward:...Lock icon

In the latest of a series of insights from financial advisers across the world, Mike Hodges, managing director of UK-based Carrington Investments, sets out three initiatives his firm is taking to build the business along best practice lines.

Published : 7, Aug 2017
Questions advisers must ask before clients move to Portugal

Questions advisers must ask before clients move...Lock icon

UK advisers with clients looking to move to Portugal and make the most of tax-efficient opportunities but avoid costly mistakes need to consider seven key questions, according to international wealth and tax management firm Blevins Franks.

‘Common sense’ prevails in FCA’s insistent client guidelines

‘Common sense’ prevails in FCA’s insistent client...

Updated guidance on how UK advisers should deal with clients who insist on going against their advice has been welcomed as “common sense” by Old Mutual Wealth’s chief distribution officer Richard Freeman.

Singapore advice firm loses case against competition watchdog

Singapore advice firm loses case against competition...Lock icon

Singapore’s Competition Appeal Board (CAB) has dismissed an appeal from IPP Financial Advisers to reduce the fine it was handed after being found guilty of colluding with other advice firms to force a competitor to withdraw a life product commission rebate offer.

Published : 2, Aug 2017
UAE regulator ups pressure on advisers over fees and capital

UAE regulator ups pressure on advisers over fees...Lock icon

The UAE Insurance Authority has announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.

Published : 1, Aug 2017
Five Sipp facts not many people know

Five Sipp facts not many people knowLock icon

An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.

Published : 31, Jul 2017
South African regulator bans adviser exam cheats

South African regulator bans adviser exam cheats...

South Africa’s Financial Services Board (FSB) has taken action against a large number of individuals who cheated or facilitated cheating on exams to become qualified financial planners.

Published : 28, Jul 2017
Bigger IHT haul signals a more aggressive HMRC

Bigger IHT haul signals a more aggressive HMRC...

The IHT take has risen dramatically in the UK over the last two years leading insurer NFU Mutual to warn that HM Revenue & Customs may be getting more aggressive with estates, despite the introduction of a new nil rate residence band.

Revised UK managers regime to expose ‘reckless’ IFA firms

Revised UK managers regime to expose ‘reckless’...

The Financial Conduct Authority’s extension of its Senior Managers Regime to almost all regulated companies in the UK will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group said.

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New Hong Kong wealth firm led by ex-UHNW exec
New Hong Kong wealth...

A former UBS director of ultra-high net worth (UHNW)...

Axa Life Singapore ordered to pay $3m over bad reference
Axa Life Singapore ordered...Lock icon

Axa Life Insurance Singapore has been ordered by the...

Ex-IFA jailed for stealing £1m from client pension funds
Ex-IFA jailed for stealing...Lock icon

A former UK adviser has been jailed for six years and...

UK to limit right to transfer pensions but will include Qrops
UK to limit right to...Lock icon

As part of its crackdown on pension scams, HM Treasury...

OTHER STORIES FROM LAST WORD...