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Is your DFM offering value for money?

Is your DFM offering value for money?Lock icon

Investors can assess whether a DFM offers value for money by unbundling the DFM’s service into admin costs, market access costs and applied research, and allocating a "reasonable cost to each", a consultancy claims.

Published : 25, Jul 2017
St James’s Place fails on disclosure says UK consumer watchdog

St James’s Place fails on disclosure says UK consumer...Lock icon

Financial advisers from St James’s Place are failing to comply with rules on transparency around charges and some are misleading potential customers about what they can offer, an investigation by UK consumer watchdog Which? has found.

Five common mistakes UK expats make about domicile and tax

Five common mistakes UK expats make about domicile...Lock icon

British expats still have some crucial misunderstandings about their domicile status and tax position that could leave them and their loved ones financially exposed and even land them in trouble with HM Revenue & Customs, warns Rachael Griffin, financial planning expert at Old Mutual Wealth.

Defined benefits solvency concerns driving clients into Sipps

Defined benefits solvency concerns driving clients...

Rising concern about the future viability of UK defined benefit (DB) pensions schemes is driving demand for transfers into self-invested personal pension plans (Sipps), according to research published Tuesday.

Published : 18, Jul 2017
Advisers at risk from 'inappropriate' DFM agreements

Advisers at risk from 'inappropriate' DFM agreements...

Thousands of financial advisers could fall foul of Mifid II for having the wrong type of intermediary agreement with their discretionary fund managers, the Personal Finance Society has warned.

Published : 18, Jul 2017
Insistent clients piling the pressure on advisers

Insistent clients piling the pressure on advisers...

Clients with high transfer values for final salary schemes are piling the pressure on advisers when they disagree with their recommendations, research from Prudential has found.

Published : 17, Jul 2017
Winners of inaugural Global Education Trust Awards unveiled

Winners of inaugural Global Education Trust Awards...

A professional body granting qualifications for competence and ethical behaviour in the financial advisory sector has announced the recipients of its awards aimed at rewarding financial literacy among university students.

Published : 17, Jul 2017
UK pension transfer changes – what are the risks for advisers?

UK pension transfer changes – what are the risks...Lock icon

The FCA has proposed overhauling the rules for advising on DB to DC pension transfers. Rob Morris, partner at RPC, looks at the risks these changes create for financial advisers and their insurers.

Published : 17, Jul 2017
Offshore bond top-slicing - the devil is in the detail

Offshore bond top-slicing - the devil is in the...Lock icon

Advisers and clients could be caught unaware by a little-known change to offshore bond top-slicing, warns Rachael Griffin, financial planning expert at Old Mutual Wealth.

Brewin Dolphin launches financial adviser apprenticeship scheme

Brewin Dolphin launches financial adviser apprenticeship...

Wealth manager Brewin Dolphin has launched a financial planning apprenticeship scheme aimed at attracting new recruits into the profession.

Published : 13, Jul 2017
Advised clients £40,000 better off

Advised clients £40,000 better off

Those receiving financial advice are, on average, £40,000 ($51,468, €44,973) better off than their peers who do not, research from the International Longevity Centre UK (ILC-UK) has found.

Published : 13, Jul 2017
Isle of Man regulator steps up anti-money laundering crackdown

Isle of Man regulator steps up anti-money laundering...Lock icon

The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.

Published : 12, Jul 2017
Five things you need to know about Qnups

Five things you need to know about QnupsLock icon

For years, qualifying non-UK pension schemes (Qnups) have been seen as a niche product relegated to the realms of ‘aggressive tax planning’, says Martin Hall, director of Isle of Man-based pension provider Optimus. Here he reveals five reasons why it’s time for advisers to re-evaluate their position.

Published : 10, Jul 2017
HMRC doubles tax evasion requests to overseas governments

HMRC doubles tax evasion requests to overseas...

HM Revenue and Customs has almost doubled its requests to governments elsewhere in the world for help in suspected tax evasion cases over a five-year period, according to figures obtained by law firm Pinsent Masons.

Published : 6, Jul 2017
Eight tips to consider before advising millennials

Eight tips to consider before advising millennials...Lock icon

Today’s millennials are tomorrow’s clients, says Craig Featherby, chief executive of South African advisory firm Carrick Wealth. Their different attitudes to things like money mean millennials use language differently to talk about it. In order to advise them, we need to understand how they communicate, he adds.

Published : 5, Jul 2017
Tax planning trustees warned over beneficial register deadline

Tax planning trustees warned over beneficial register...

Many trustees will have too little time to comply with the new rules for the beneficial ownership register of trusts, and others will have huge amounts of information to gather, international audit, tax and consultancy firm RSM has warned.

Published : 5, Jul 2017
UK advisers required to ‘tape’ calls under final Mifid II rules

UK advisers required to ‘tape’ calls under final...

Advisers in the UK will be required record telephone conversations with clients, the Financial Conduct Authority (FCA) has confirmed, and DFMs are set to be included in the measure.

Published : 4, Jul 2017
Ombudsman upholds Sipp complaint against Curtis Banks

Ombudsman upholds Sipp complaint against Curtis...Lock icon

Self-invested pension provider Curtis Banks has been criticised by the UK Pensions Ombudsman for negligence and maladministration.

Published : 4, Jul 2017
Top planning opportunities two years on from pension freedoms

Top planning opportunities two years on from pension...Lock icon

There are exciting new market opportunities for the taking, two years after the UK pension freedoms were introduced that raised customer awareness of the need for pension planning, says Matt Ward, communications director at AKG Financial Analytics

Published : 3, Jul 2017
DBS Bank opens free financial advice centre in Singapore

DBS Bank opens free financial advice centre in...

Singapore’s financial advice market just got more competitive after DBS opened a financial planning centre that offers free advisory services but does not sell any financial products.

Published : 30, Jun 2017

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Five common mistakes UK expats make about domicile and tax
Five common mistakes...Lock icon

British expats still have some crucial misunderstandings...

St James’s Place fails on disclosure says UK consumer watchdog
St James’s Place fails...Lock icon

Financial advisers from St James’s Place are failing...

S Africa to scrap tax exemption for expats, overseas workers
S Africa to scrap tax...

South Africans living and working in no and low tax...

UK platform inquiry a ‘red herring’ says Novia CEO Vasilieff
UK platform inquiry a...Lock icon

The Financial Conduct Authority's (FCA) inquiry into...

IoM’s collapsed Louis Group gets second director ban
IoM’s collapsed Louis...Lock icon

A second Isle of Man director of South Africa-headquartered...

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