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Copia launches managed portfolios targeted at decumulation

Copia launches managed portfolios targeted at...

Copia Capital Management, the discretionary fund management division of Novia Financial, has launched a range of managed portfolios purpose-built for decumulation.

Published : 24, Mar 2017
House of Lords warns of Brexit danger for crown dependencies

House of Lords warns of Brexit danger for crown...Lock icon

The crown dependencies’ financial services sectors could suffer if the UK government fails in its constitutional responsibility to represent the islands' interests during the Brexit negotiations, the House of Lords’ European Union Committee has warned.

Published : 23, Mar 2017
Rathbones to launch actively managed portfolio service

Rathbones to launch actively managed portfolio...

Rathbones is set to launch a managed portfolio service offering six actively managed strategies, led by David Coombs.

Published : 23, Mar 2017
Treasury ruling out pension raid for now claims AJ Bell

Treasury ruling out pension raid for now claims...

AJ Bell is claiming that the UK Treasury has ruled out changes to pension tax relief within the next few years, despite government sources suggesting that this is on the agenda after the post Spring Budget climbdown on national insurance contribution rises for the self-employed.

Published : 22, Mar 2017
Finance Bill offers no clarity on life policy part surrenders

Finance Bill offers no clarity on life policy...

The Finance Bill failed to shed more light on how HM Revenue & Customs plans to recalculate the gain on partial surrenders when policyholders withdraw money from their life insurance policies the wrong way, says Rachael Griffin, financial planning expert at Old Mutual Wealth.

Holborn Assets ordered to immediately cease pension transfers

Holborn Assets ordered to immediately cease pension...Lock icon

The UK Financial Conduct Authority has ordered Holborn Assets Ltd to immediately cease all pension transfer business, particularly that introduced by overseas advisers.

Phoenix Group on growing and consolidating its brood

Phoenix Group on growing and consolidating its...Lock icon

Having bought Axa Wealth and Abbey Life in 2016, Phoenix Life chief executive Andy Moss tells International Adviser about the group's consolidation history and how it brings all of its new business on board.

Axa Wealth and Abbey Life acquisitions drive Phoenix growth

Axa Wealth and Abbey Life acquisitions drive Phoenix...

Phoenix Group is eyeing further acquisitions after Abbey Life and Axa Wealth added £22bn ($27.3bn, €25.4bn) in assets under management and more than 1.6 million policies to the life company consolidator’s books in 2016.

Published : 20, Mar 2017
Woodford’s flagship fund finds footing; smashes £10bn mark

Woodford’s flagship fund finds footing; smashes...

Neil Woodford’s flagship fund found its footing in February and broke the £10bn ($12.4bn, €11.5bn) barrier as the reflation trade began to lose its shine.

Published : 20, Mar 2017
HSBC boss ‘tested’ UK tax office on his non-dom status

HSBC boss ‘tested’ UK tax office on his non-dom...Lock icon

Stuart Gulliver, the chief executive of HSBC, may have set up a trust to test whether the UK taxman would accept he was a non-dom, according to specialist tax advice agency Mark Davies & Associates.

Published : 20, Mar 2017
Sarah Lord to leave Killik & Co

Sarah Lord to leave Killik & CoLock icon

Sarah Lord, one of the most highly qualified female financial planners in the UK, is to leave Killik Wealth Planning at the end of March to pursue other opportunities within the industry, the company confirmed to International Adviser.

Published : 20, Mar 2017
UK to 'raid pensions' to fund U-turn on self-employed tax hike

UK to 'raid pensions' to fund U-turn on self-employed...

The UK Treasury is reportedly considering a fresh raid on pensions tax relief in order to plug a £2bn ($2.47bn, €2.3bn) funding gap after chancellor Philip Hammond was forced to drop national insurance contribution (NIC) increases for self-employed people.

Published : 20, Mar 2017
HMRC scores another win in film tax battle

HMRC scores another win in film tax battle

HM Revenue & Customs has extended its run of victories against schemes seeking to exploit tax breaks for the UK film industry.

Published : 17, Mar 2017
Nicaraguan bamboo fund shut down by IoM high court

Nicaraguan bamboo fund shut down by IoM high court...Lock icon

An Isle of Man-based fund that convinced 189 people to invest $61m (£49.6m, €56.8m) in bamboo plantations in Nicaragua by promising returns of up to 500% was wound up by order of the Isle of Man high court on Thursday.

Published : 17, Mar 2017
Bob Diamond joins forces with Qatari bank for London comeback

Bob Diamond joins forces with Qatari bank for...

Former Barclays chief executive Bob Diamond has teamed up with a Qatari investment bank to buy one of London’s oldest stockbroking firms Panmure Gordon.

Published : 17, Mar 2017
HMRC tax avoidance case against Rangers football club ends

HMRC tax avoidance case against Rangers football...Lock icon

HM Revenue & Customs’ seven-year pursuit of Rangers Football Club for aiding and abetting tax avoidance ended on Thursday after two days at the UK supreme court, with a judgment expected within three to six months.

Published : 16, Mar 2017
Bankers need ‘flexible ethics’ to progress

Bankers need ‘flexible ethics’ to progress

One in eight bankers say it is difficult to progress in their careers without ‘flexible ethical standards’ and sometimes feel it is necessary to ‘bend the rules’, a review by the UK's Banking Standards Board (BSB) has found.

Published : 16, Mar 2017
UK supreme court rules against inheritance challenge

UK supreme court rules against inheritance challenge...

An estranged daughter has lost a supreme court bid to overturn her mother’s will, which excluded her only child and left her £0.5m ($0.6m, €0.57m) estate to three animal charities, in a decision that leaves things “slightly confused”, says Old Mutual Wealth’s Rachael Griffin.

Published : 15, Mar 2017
Two directors handed lengthy bans for worthless land scam

Two directors handed lengthy bans for worthless...

The directors of two companies have been banned for a total of 26 years for selling worthless land as an investment, in a scam that netted £2.2m ($2.7m, €2.5m) of which the directors retained £1.3m in commissions.

Published : 15, Mar 2017
Resurgent Brooks Macdonald Int’l boosts group results

Resurgent Brooks Macdonald Int’l boosts group...Lock icon

Double-digit revenue growth by Brooks Macdonald International (BMI) helped drive the specialist discretionary fund management group’s total revenue up 17% to £45.3m ($55.1m, €51.8m) during the six months to 31 December 2016.

Published : 15, Mar 2017

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UK to 'raid pensions' to fund U-turn on self-employed tax hike
UK to 'raid pensions'...

The UK Treasury is reportedly considering a fresh raid...

Holborn Assets ordered to immediately cease pension transfers
Holborn Assets ordered...Lock icon

The UK Financial Conduct Authority has ordered Holborn...

Gibraltar ‘in danger’ of losing Qrops status
Gibraltar ‘in danger’...Lock icon

Gibraltar must put in place a system for regulating...

More firms in the FCA firing line after Holborn sanctions
More firms in the FCA...Lock icon

Several more firms are at risk of being sanctioned...

Sarah Lord to leave Killik & Co
Sarah Lord to leave Killik...Lock icon

Sarah Lord, one of the most highly qualified female...

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