China's fund association lashes out at marketing gaffe

China's fund association lashes out at marketing...

The Asset Management Association of China (AMAC), the fund industry's self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.

Published : 12, Oct 2017
Expat pensions at risk admits UK chancellor

Expat pensions at risk admits UK chancellor

UK chancellor Philip Hammond has admitted the government is "alive to the risk" that leaving the EU without a Brexit deal could create “legal uncertainties” for European cross-border pensions and insurance arrangements.

Published : 11, Oct 2017
Benchmark sets ‘comfortable’ UK retirement goal

Benchmark sets ‘comfortable’ UK retirement goal...

A series of national income targets could be used to help pension savers understand whether they are on track for a comfortable retirement, the Pension and Lifetime Savings Association (PLSA) has proposed.

Published : 11, Oct 2017
Two Sipp providers partner with platform for worldwide push

Two Sipp providers partner with platform for worldwide...

Guernsey-based platform Momentum Wealth International has partnered with two well-established expat-focused pension providers to give a worldwide push for customised versions of their self-invested personal pension schemes.

Published : 5, Oct 2017
Half of DB pension transfers unsuitable blasts FCA

Half of DB pension transfers unsuitable blasts...

The UK financial watchdog has strongly criticised defined benefit (DB) pension transfer advice saying that most of the recommendations made are unsuitable.

Published : 3, Oct 2017
Money matters as much as love in later life marriages

Money matters as much as love in later life marriages...

Money is as much a factor as love in later life marriages according to research by Investec Wealth & Investment.

Published : 22, Sep 2017
Rigorous rules see OMW and CII partner on pension transfers

Rigorous rules see OMW and CII partner on pension...

Tougher rules and a 100% increase in pension transfer enquiries has prompted Old Mutual Wealth (OMW) to launch a DB to DC pension transfer training programme in partnership with the Chartered Insurance Institute (CII).

Published : 21, Sep 2017
Fresh pension freedoms inquiry targets scammers

Fresh pension freedoms inquiry targets scammers...

The influential UK Work and Pensions Committee launched an inquiry on Wednesday focused on the risk of savers being scammed after the introduction of pension freedoms.

Published : 20, Sep 2017
Private bank courts advisers with Sipp launch

Private bank courts advisers with Sipp launch

Edinburgh-headquartered private bank Hampden & Co has started lending to self-invested personal pension schemes (Sipps) as part of its offering to advisers.

Published : 20, Sep 2017
Vanguard and Sharia added to Momentum range

Vanguard and Sharia added to Momentum range

Advisers and client will be able to choose passive, ethical and Sharia investments and include Vanguard funds in their Sipp after Momentum Pensions expanded its offering.

Published : 19, Sep 2017
Insurers in passporting rights plea to chancellor

Insurers in passporting rights plea to chancellor...Lock icon

Potential problems making pension and insurance payments post Brexit has prompted one member of parliament fight for clarity and the life industry pledge to engage with HM Treasury and EU partners to resolve passporting issues ahead of March 2019.

Published : 18, Sep 2017
Mysterious allowances making pensions murky: SJP

Mysterious allowances making pensions murky: SJP...

Pension rules are still a murky area in the eyes of savers and tax allowances continue to be a mystery for many people, warns Ian Price, divisional director for pensions at St James’s Place.

Published : 15, Sep 2017
Delay drawing pension until next year says expert

Delay drawing pension until next year says expert...

Financial advisers should tell clients thinking of taking money out of their pension fund over the next few months to wait until next year to make full use of the increase in the Lifetime Allowance (LTA), industry experts are saying.

Published : 11, Sep 2017
Brexit to hit three times more British than EU pensioners

Brexit to hit three times more British than EU...

There are three times as many Brits over the age of 65 living in other European Union countries than vice versa but they are showing little inclination to rush home ahead of Brexit, figures from the UK’s Office for National Statistics (ONS) suggest.

Published : 11, Sep 2017
No cold calling ban but Finance Bill rolls out key reforms

No cold calling ban but Finance Bill rolls out...Lock icon

The latest UK Finance Bill has not included a ban on pensions cold calling but has reduced the non-domicile threshold and implemented cuts to the money purchase annual and tax-free dividend allowances.

Published : 8, Sep 2017
Anti-scam warnings on fake pension websites tricking investors

Anti-scam warnings on fake pension websites tricking...

Rogue pension websites are carrying anti-scam messages to try to trick UK consumers into believing that they are legitimate businesses, The Pensions Regulator (TPR) has warned.

Published : 5, Sep 2017
Multi-asset class takes the crown in drawdown market boom

Multi-asset class takes the crown in drawdown...

While the number of retirees opting for drawdown has more than trebled since the introduction of the pension freedoms, retiring investors are choosing funds with long-term investment targets to meet near-term income needs, research from Dutch insurer and pension provider Aegon shows.

Published : 30, Aug 2017
Asia's wealthy reveal doubts about financial advisers

Asia's wealthy reveal doubts about financial advisers...

High net worth individuals in Hong Kong and Singapore are much more aware of the human-related risks associated with wealth advisers compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.

Published : 25, Aug 2017
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.

Government revives pensions cold calling crackdown

Government revives pensions cold calling crackdown...

IFAs have not unanimously welcomed the UK Government's revived and extended plans for a ban on pension cold calling, announced Monday as part of a raft of measures to tackle pension scams.

Published : 21, Aug 2017

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Four types of tax evaders targeted in HMRC campaign
Four types of tax evaders...

Tax investigators are ramping up the pressure on tax...

Expat pensions at risk admits UK chancellor
Expat pensions at risk...

UK chancellor Philip Hammond has admitted the government...

FCA bans adviser spouses for 'calculated' deception
FCA bans adviser spouses...

The Financial Conduct Authority (FCA) has barred John...

'Outdated' EU directive will swamp advisers warns expert
'Outdated' EU directive...

International financial adviser Mazars has warned the...

Benchmark sets ‘comfortable’ UK retirement goal
Benchmark sets ‘comfortable’...

A series of national income targets could be used to...

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