STM considers Qrops ‘buying spree’ as European units downsized

STM considers Qrops ‘buying spree’ as European...

STM chief executive Alan Kentish has said the cross border financial services provider is well placed to go on a "buy and build acquisition spree" of Qrops businesses, following the UK’s shock decision to impose a 25% transfer charge earlier this year.

Published : 25, May 2017
Sipp provider Momentum clarifies asset rules amid ‘scrutiny’

Sipp provider Momentum clarifies asset rules amid...Lock icon

Malta-headquartered Momentum Pensions has clarified rules around which assets it will accept into its International Sipp as chief executive Stewart Davies confirms the sector is under a “heightened level of scrutiny”.

Published : 25, May 2017
UK pension fraud hits record high

UK pension fraud hits record high

Twenty-four victims of pension fraud lost a record £8.6m ($11.1m, €10.1m) in March 2017, a 10-fold increase from the previous month, figures from the City of London police reveal.

Published : 15, May 2017
IoM eases pressure on life cos over commission disclosure

IoM eases pressure on life cos over commission...Lock icon

International insurance companies headquartered on the Isle of Man will only have to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.

Published : 9, May 2017
Five Qrops planning opportunities after 25% transfer charge

Five Qrops planning opportunities after 25% transfer...Lock icon

As the dust settles following the go-ahead of a 25% overseas transfer charge in the Spring Budget, David White, partner of Isle of Man-based The Qrops Bureau, sets out five key opportunities for financial advisers.

Published : 8, May 2017
Guernsey int'l pension reforms a boost for Qnups

Guernsey int'l pension reforms a boost for Qnups...Lock icon

Guernsey’s decision to update its pension regulations so that it includes international schemes could be to support growth in the Qnups market, according to David White, partner at The Qrops Bureau.

Published : 5, May 2017
Guernsey overhauls pension framework to match int'l standards

Guernsey overhauls pension framework to match...Lock icon

Guernsey has announced plans to overhaul its regulatory regime for pension product providers to bring it closer in line with the current international best practice standards.

Published : 4, May 2017
Capital Group partners with AIA Hong Kong in ILAS push

Capital Group partners with AIA Hong Kong in ILAS...

Fund manager Capital Group is teaming up with AIA Hong Kong to introduce long-term investment solutions through the AIA investment linked assurance scheme (Ilas).

Published : 4, May 2017
Six key pension priorities for UK election manifestos

Six key pension priorities for UK election manifestos...Lock icon

Pension scams, DB schemes and retirement support should all feature in the party manifestos the UK political parties publish ahead of the snap election on 8 June, the Pensions and Lifetime Savings Association (PLSA) has said.

Published : 3, May 2017
DeVere to keep ‘presence’ in countries where it now operates

DeVere to keep ‘presence’ in countries where it...Lock icon

Nigel Green, the chief executive and founder of deVere, has underscored his firm’s commitment to maintain a presence in each country where it currently operates, including the US, as speculation grows over where changes expected under a strategic review now underway are likely to be made.

Published : 2, May 2017
Why disputes over wills are on the increase

Why disputes over wills are on the increase

It is difficult to open a newspaper these days without reading about disinherited relatives challenging the will of a loved one alongside reports of a rise in the number of diagnoses of dementia being made, says Gareth Ledsham, partner at law firm Russell-Cooke.

Published : 2, May 2017
Five tips to consider when using an overseas pension

Five tips to consider when using an overseas pension...Lock icon

Given the recent dramatic changes to rules governing overseas pension transfers, Martin Hall, the director of Isle of Man-based pension provider Optimus, gives his tips on what to consider when using an international pension scheme.

Published : 28, Apr 2017
Top challenges facing advisers in the UAE

Top challenges facing advisers in the UAELock icon

Advisers working in the Middle East can no longer afford to be a “one-trick pony”, says Phil Story, SEO and head of distribution for EMEA at Investors Trust Assurance, as he urges them to focus on “holistic financial planning” to boost their income stream.

Published : 27, Apr 2017
Qrops ‘fire sale’ averted as reforms survive Finance Bill cull

Qrops ‘fire sale’ averted as reforms survive Finance...Lock icon

Reforms overhauling overseas pension transfers may have survived the UK government’s wide-ranging cull of the Finance Bill in a bid to avoid a “fire sale” of Qrops, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.

Published : 26, Apr 2017
Pension freedom withdrawals break through £10bn barrier

Pension freedom withdrawals break through £10bn...

UK consumers withdrew £10.8bn ($13.8bn, €12.7bn) from their pensions during the first two years of the pension freedoms.

Published : 26, Apr 2017
Zurich on how to become a millionaire by 65

Zurich on how to become a millionaire by 65Lock icon

Starting early with pension saving and using the benefits of compound interest is one of the best ways to ensure you become a millionaire by 65, says Amrita Sethi, head of marketing at Zurich International Life.

Published : 26, Apr 2017
UK ombudsman blasts Sipp transfer into Ukrainian property fund

UK ombudsman blasts Sipp transfer into Ukrainian...Lock icon

A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.

Published : 25, Apr 2017
How the Qrops levy will impact UAE pension planning

How the Qrops levy will impact UAE pension planning...Lock icon

Old Mutual Wealth’s David Denton talks about how the shock 25% Qrops charge imposed by the UK last month will affect retirement planning in the UAE.

Published : 24, Apr 2017
Qrops cull expected in shock second suspension of UK list

Qrops cull expected in shock second suspension...Lock icon

HM Revenue & Customs is to temporarily suspend its list of qualifying recognised overseas pension schemes (Qrops) for a second time on 2 June, signalling a further cull amid a drastic overhaul of overseas pension transfers.

Published : 21, Apr 2017
UK to delay ban on pension cold calling amid snap election

UK to delay ban on pension cold calling amid snap...

The UK government could delay introducing a ban on pension cold calling after British prime minister Theresa May called a snap election for 8 June, according to investment platform AJ Bell.

Published : 20, Apr 2017

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