REGIONS

UK's Prudential to enter DB transfer advice market

UK's Prudential to enter DB transfer advice market...

UK insurance giant Prudential said it will begin offering clients advice on the increasingly contentious area of defined benefit (DB) pension transfers.

Published : 23, Feb 2017
Axa reports record revenues as CEO rules out Generali bid

Axa reports record revenues as CEO rules out Generali...

French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.

Published : 23, Feb 2017
Adviser network Nexus Global expands to Latin America

Adviser network Nexus Global expands to Latin...

European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.

Published : 23, Feb 2017
Product providers must crackdown on scams, urge advisers

Product providers must crackdown on scams, urge...

Product providers and trust companies must take more care in ensuring unregulated funds don't end up inside Rops and life company wrappers, Simon Gould, founder and director of Bristol-based Gould Financial Planning has urged.

Published : 23, Feb 2017
One in 10 calls to the FCA about scams

One in 10 calls to the FCA about scams

More than one in 10 consumers contacting the Financial Conduct Authority (FCA) do so to report a financial scam and to find out what they can do about it, the UK regulator revealed Thursday.

Published : 23, Feb 2017
UK Budget could see further cuts to lifetime allowance

UK Budget could see further cuts to lifetime allowance...

The UK's lifetime allowance (LTA) for pension savers could be slashed again in the Spring Budget next month, according Markas Gilmartin, founding partner of Bristol-based IFA firm Epoch Wealth Management.

Published : 23, Feb 2017
Dubai's DFSA signs cooperation with ESMA

Dubai's DFSA signs cooperation with ESMA

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have signed a new information sharing and cooperation agreement.

Published : 23, Feb 2017
European earnings growth set to drive equities in 2017

European earnings growth set to drive equities...

European corporate earnings are on course to post one of their best years since the financial crisis, says Mark Denham, the new manager of the Carmignac Grande Europe Fund.

Published : 23, Feb 2017
Ombudsman orders deVere UK to compensate client

Ombudsman orders deVere UK to compensate client...

The UK's financial ombudsman has upheld a complaint against deVere and Partners (UK), in part, after a client accused the international advice firm of “passing the buck”, not providing sufficient advice and making poor investment choices.

Published : 22, Feb 2017
US equities – the Trump honeymoon period continues

US equities – the Trump honeymoon period continues...

A little over a month into Donald Trump’s presidency, US equity indices are at record highs and money keeps flowing into the asset class. Are markets right to be sanguine?

Published : 22, Feb 2017
Castle Trust launches multi-jurisdictional Rops

Castle Trust launches multi-jurisdictional Rops...

Gibraltar-based Castle Trust Group has launched the Centurion Retirement Plan featuring recognised overseas pension schemes (Rops) in Gibraltar and Malta that allow free switching between the schemes and jurisdictions to suit clients’ changing needs.

Published : 22, Feb 2017
Swiss-Hong Kong fund recognition scheme garners interest

Swiss-Hong Kong fund recognition scheme garners...

The planned Switzerland-Hong Kong mutual fund recognition scheme has already begun to attract interest from Asian fund managers interested in the lucrative Swiss market.

Published : 22, Feb 2017
UK advice body touts gov’t financial health check vouchers

UK advice body touts gov’t financial health check...

Every working adult in the UK should be offered a voucher for a financial health check session with a professional financial adviser, the Personal Finance Society (PFS) has recommended.

Published : 22, Feb 2017
Asian equities defy Trump

Asian equities defy Trump

Asian equities have given the US the finger. Despite Trump rejecting the TPP, the Asia stock market, as measured by the MSCI Asia ex Japan, was up 3.8% in sterling terms in January – a much better start to the year than all other major markets, bar Latin America.

Published : 22, Feb 2017
China to lift 50% foreign ownership cap on life insurers

China to lift 50% foreign ownership cap on life...

China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.

Published : 22, Feb 2017
Investment strategies to get through Brexit

Investment strategies to get through Brexit

Prospects for the UK may be less than clear before Brexit negotiations begin, but what can be agreed is that opinion is divided when it comes to UK assets.

Published : 21, Feb 2017
Property scheme investment advice unsuitable: Ombudsman

Property scheme investment advice unsuitable:...

The UK Financial Ombudsman Service (FOS) has determined that advice given to a client by financial advice network The Falcon Group to invest £83,000 ($103,269, €97,263) of his pension fund in a scheme focused on the leisure property industry was not suitable.

Published : 21, Feb 2017
South Africa’s Lombard Life fined by regulator

South Africa’s Lombard Life fined by regulator...

The Financial Services Board (FBS) of South Africa has fined Lombard Life for not complying with rules about informing policyholders of their right to appeal after the company rejected their claims.

Published : 21, Feb 2017
UK tax take hits record highs for January

UK tax take hits record highs for January

The UK government’s tax take is on the rise according to new figures from HM Revenue & Customs for the all-important month of January, when most outstanding tax payments are due.

Published : 21, Feb 2017
Spanish princess’s husband gets six years over €6m tax fraud

Spanish princess’s husband gets six years over...

The brother-in-law of King Felipe VI of Spain has been sentenced to six years in prison and fined more than €500,000 (£426,565, $530,810) after being found guilty of charges including embezzlement, fraud and tax evasion.

Published : 21, Feb 2017

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UK plans to reform DB schemes trigger alarm bells
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