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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.

Life insurance sales growth an opportunity for advisers

Life insurance sales growth an opportunity for...Lock icon

Searches and applications for life insurance in the UK have risen over the past year, which contradicts conventional wisdom that in tougher economic and political times like these protection sales take a downturn and creates an opportunity for advisers.

Published : 27, Jul 2017
Five steps to planning a tax-efficient return to the UK

Five steps to planning a tax-efficient return...Lock icon

International tax and wealth management firm Blevins Franks has identified five key planning issues for UK citizens wanting to avoid punitive tax implications when making their move from Europe back to Britain. Click on the slides below to see them.

Published : 26, Jul 2017
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.

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US court upholds IRS penalty on US expat demanding tax refund
US court upholds IRS...

A US court has dismissed a complaint by an American...

EU to limit UK expat residency rights post Brexit - minister
EU to limit UK expat...

Britain’s Brexit minister David Davies has revealed...

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

Half of UK clients would prefer to pay a fixed rate...

Mazars cleared of bad advice charge by UK Ombudsman
Mazars cleared of bad...Lock icon

A man who had to pay additional taxes after losing...

Big jump in offshore bond sales at Canada Life International
Big jump in offshore...Lock icon

Sales of offshore bonds rose by 60% in the first half...

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