Long-term care needs expected to drive demand for UK advice

Long-term care needs expected to drive demand...

Advisers in the UK are set to be inundated with work planning for long term care needs of savers, a new survey by Just Retirement Partnership suggests.

Published : 10, Nov 2016
UK government urged to scrap pensions triple-lock

UK government urged to scrap pensions triple-lock...

The UK’s pension triple-lock will “worsen the economy”, is “heavily skewed” towards baby boomers, and should be scrapped, according to the Commons Work and Pensions Committee.

Published : 7, Nov 2016
Sovereign Group cuts fees on Rops

Sovereign Group cuts fees on Rops

International pensions provider Sovereign Group has removed 'ad hoc' transactional fees from all its new and existing recognised overseas pensions scheme (Rops) products.

Published : 7, Nov 2016
New pension transfers qualification launched by the CII

New pension transfers qualification launched by...

The UK’s Chartered Insurance Institute (CII) has launched a new pension transfers qualification to support those seeking to provide specialist advice, both domestically and internationally.

Published : 3, Nov 2016
Pensions regulator pursues Philip Green over BHS

Pensions regulator pursues Philip Green over BHS...

The UK’s Pensions Regulator (TPR) has launched enforcement actions against Philip Green, the former owner of the collapsed British department store BHS, and other previous owners, aimed at seeking redress for 20,000 pension scheme members.

Published : 3, Nov 2016
Pound volatility sees UK pension holders seeking more advice

Pound volatility sees UK pension holders seeking...

The volatility of the pound has seen a significant uptick in people seeking advice on moving British pensions abroad, which could see hundreds of millions of pounds driven overseas, says deVere Group chief executive Nigel Green.

Published : 31, Oct 2016
Australian Rops get STM super boost

Australian Rops get STM super boost

STM Group Australia’s managing director Stuart Denness is looking to re-energise and reinvigorate the country’s recognised overseas pension scheme (Rops) market following two years of uncertainty.

Published : 27, Oct 2016
HMRC data shows £7.6bn withdrawn since UK pension reforms

HMRC data shows £7.6bn withdrawn since UK pension...

Nearly £7.6bn ($9.2bn, €8.5bn) has been paid out of UK pensions since reforms came into effect in April last year, according to the latest figures published by HM Revenue & Customs (HMRC).

Published : 26, Oct 2016
IFA bdhSterling denies a fall in demand for Rops

IFA bdhSterling denies a fall in demand for Rops...

The director of the newly-rebranded bdhSterling has revealed that the advisory firm has seen a dramatic increase in the number of clients looking transfer their pension into a recognised overseas pension schemes (Rops).

Published : 26, Oct 2016
STM extends fee waiver for new Rops

STM extends fee waiver for new Rops

Cross border financial services provider STM Group, has extended its offer of a zero establishment fee for new Rops customers until 31 March 2017.

Published : 25, Oct 2016
Global Qrops is the latest to rebrand amid dampening appetite

Global Qrops is the latest to rebrand amid dampening...

UK-headquartered Global Qrops has rebranded as bdhSterling amid similar moves by other firms that may signal a dampening appetite for recognised overseas pension schemes (Rops).

Published : 24, Oct 2016
STM completes on purchase of London & Colonial

STM completes on purchase of London & Colonial...

STM Group, the cross border financial services provider, has completed its acquisition London & Colonial Holdings.

Published : 21, Oct 2016
UK should stop pension tinkering and simplify Isas: AJ Bell

UK should stop pension tinkering and simplify...

Waves of changing legislation have made pensions and Isas incredibly and unnecessarily complicated, discouraging people from saving, says Andy Bell, chief executive of investment platform AJ Bell.

Published : 20, Oct 2016
UK government drops secondary annuity market plans

UK government drops secondary annuity market plans...

The UK government has scrapped plans to set up a secondary market in annuities saying “it has become clear that creating the conditions to allow a competitive market to emerge could not be balanced with sufficient consumer protections”.

Published : 18, Oct 2016
Expert urges pension rethink as UK sales slide

Expert urges pension rethink as UK sales slide...

Sales of personal pensions fell by 6.8% in the second quarter of this year as a leading tax expert urges the UK government to do more to get the country’s retirement savings "back on track".

Published : 14, Oct 2016
FCA targets ‘small number’ of providers over annuity failures

FCA targets ‘small number’ of providers over annuity...

The UK’s Financial Conduct Authority has directed a “small number” of firms to review all of their non-advised annuity sales from July 2008.

Published : 14, Oct 2016
Radical new idea for UK pension tax relief under scrutiny

Radical new idea for UK pension tax relief under...

The UK government is considering a number of new pensions options ahead of the Autumn Statement, including one from Hargreaves Lansdown that proposes breaking the link between tax relief and earnings, instead using a system based on the age of the saver.

Published : 12, Oct 2016
Belgium introduces tax break for cross-border pension schemes

Belgium introduces tax break for cross-border...

Belgium’s government has approved a bill that will exempt cross-border pension schemes from tax in a bid to position the country as the number one location for pan-European retirement products.

Published : 11, Oct 2016
UK residents should 'act now' on Qrops as rules may change

UK residents should 'act now' on Qrops as rules...

Joanne Rodriguez, business development manager for Abacus Financial Services talks about the impact of Brexit on the Qrops industry.

Published : 10, Oct 2016
The changing role of wealth insurance bonds

The changing role of wealth insurance bonds

Clients moving around Europe can take advantage of wealth insurance bonds but will need help dealing with the tax authorities, says Mike Foxall, marketing consultant for IWI.

Published : 7, Oct 2016

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