INDUSTRY

How to build a successful advice business

How to build a successful advice business

Building a successful advice business is not rocket science but it does require a clear vision, strategic objectives and the adoption of big data. Old Mutual Wealth's head of international distribution development, Mike Leeson, offers a road map to success.

Published : 27, Jun 2017
UK expats in EU offered pension ‘triple-lock’ and healthcare

UK expats in EU offered pension ‘triple-lock’...

The British government has announced it will maintain reciprocal healthcare rights and the 'triple lock' on pensions for the 1.2 million UK citizens currently living in the EU.

Published : 26, Jun 2017
M&G shifts four UK funds to Luxembourg over Brexit fears

M&G shifts four UK funds to Luxembourg over Brexit...

UK asset manager M&G Investments is transferring four domestic open-ended funds to its Luxembourg platform over fear and uncertainty surrounding the UK’s exit from the European Union.

Published : 26, Jun 2017
Schroders launches US focused wealth management company

Schroders launches US focused wealth management...

Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.

Published : 26, Jun 2017
Old Mutual unveils offshore bond for UK market

Old Mutual unveils offshore bond for UK market...

Life insurer Old Mutual International has launched a new offshore bond in the UK aimed at savers caught out by cuts to the pension allowances.

Published : 26, Jun 2017
Hong Kong’s Insurance Authority goes live

Hong Kong’s Insurance Authority goes live

Hong Kong’s newest regulator, the Insurance Authority, was officially launched on Monday, replacing the Office of the Commissioner of Insurance (OCI) which was disbanded on the same day.

Published : 26, Jun 2017
Messi to swap prison sentence for €255k fine in tax fraud case

Messi to swap prison sentence for €255k fine in...

Football star Lionel Messi could see his 21-month prison sentence for tax fraud replaced with a €255,000 (£224,313, $285,381) fine, Spanish prosecutors have said.

Published : 26, Jun 2017
HMRC faces claims of ‘unlawful’ raid on Newcastle Utd

HMRC faces claims of ‘unlawful’ raid on Newcastle...

The seizure of documents from British football club Newcastle United by HMRC tax officials may have been unlawful, a judge has said.

Published : 23, Jun 2017
Pioneer CEO to leave as Amundi unveils new merged structure

Pioneer CEO to leave as Amundi unveils new merged...

Pioneer Investments' group chief executive Giordano Lombardo is to depart after the completion of its acquisition by Amundi Asset Management on 3 July, as part of a raft of structural changes impacting more than 30 countries.

Published : 23, Jun 2017
Regulation must be 'appropriate,’ says advisory body chairman

Regulation must be 'appropriate,’ says advisory...

The incoming chairman of a newly merged trade body for financial advisers in the UK has pledged to fight the industry’s corner in talks with the government and regulators.

Published : 23, Jun 2017
PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva

PEOPLE MOVES: BlackRock, Deutsche Bank, AvivaLock icon

BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.

Published : 23, Jun 2017
Up to £50bn pulled from DB schemes in pension transfers

Up to £50bn pulled from DB schemes in pension...

The amount of money being withdrawn through transfers from defined benefit (DB) pension schemes in the UK has reached a record £50bn since the pension freedoms came into force, according to new figures released by professional service group Mercer.

Published : 23, Jun 2017
UK IFA promoting Brazilian teak scheme enters liquidation

UK IFA promoting Brazilian teak scheme enters...Lock icon

Total Wealth Solutions, which has links to the collapsed Brazilian teak forestry scheme Para Sky Plantation, has entered voluntary liquidation, just months after the UK’s Financial Ombudsman Service (FOS) upheld a complaint against the financial advice firm.

Published : 23, Jun 2017
Singaporean firm to build platform for Malaysia’s life insurers

Singaporean firm to build platform for Malaysia’s...

A unit of Singapore-based tech firm Silverlake Axis has won a contract to develop a digital platform for life insurance and takaful providers in Malaysia.

Published : 23, Jun 2017
EU’s new tax avoidance law to target Channel Island schemes

EU’s new tax avoidance law to target Channel Island...

Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.

Published : 22, Jun 2017
Footballer to pay €2m to settle Spanish tax fraud case

Footballer to pay €2m to settle Spanish tax fraud...

Former Manchester United winger Angel di Maria has agreed to pay €2m ($2.2m, £1.76m) to settle tax fraud charges in Spain in the latest high-profile tax scandal to rock the football industry.

Published : 22, Jun 2017
Woman loses £50m UK divorce case over ‘sham offshore trust’

Woman loses £50m UK divorce case over ‘sham offshore...

A woman in the UK has lost a £50m (€56.7m, $63.2m) divorce court battle after failing to prove her millionaire husband’s offshore trust was a sham.

Published : 22, Jun 2017
Killik’s Sarah Lord joins Mazars as financial planning partner

Killik’s Sarah Lord joins Mazars as financial...Lock icon

International accountancy and advisory firm Mazars has appointed Sarah Lord, formerly of Killik & Co, as a financial planning partner in London.

Published : 21, Jun 2017
Pension transfer advice rules were ‘past sell-by date’

Pension transfer advice rules were ‘past sell-by...Lock icon

The financial planning industry in the UK has welcomed the FCA’s plans to overhaul advice on pension transfers, with many describing the reforms as long overdue.

Published : 21, Jun 2017
UK Queen’s Speech fails to address Finance Bill ‘limbo’

UK Queen’s Speech fails to address Finance Bill...

Key tax policies dropped from the Finance Bill in the run up to the general election will now be reviewed over the summer, the UK has announced, as the Queen’s Speech gave little clarity on the government’s tax plans for the coming year.

Published : 21, Jun 2017

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