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Two-thirds taking cash from pensions did not seek advice

Two-thirds taking cash from pensions did not seek...

Two-thirds of recent UK retirees who took cash from their pension pots during their first year of retirement did so without seeking any professional advice.

Published : 23, Sep 2016
UK equities and the long goodbye

UK equities and the long goodbye

As the market reacts to the UK's shock decision to leave the EU, active managers are underperforming their passive peers when it comes to UK equities.

Published : 23, Sep 2016
OMW denies shelving IPO over platform costs

OMW denies shelving IPO over platform costs

Old Mutual Wealth has denied reports that it is looking at cancelling its planned listing on the London Stock Exchange due to runaway costs of upgrading the technology behind its platforms.

Published : 22, Sep 2016
HFM Columbus warns UK non-doms of 'pitfalls' with IPP drawdowns

HFM Columbus warns UK non-doms of 'pitfalls' with...

UK-based wealth manager HFM Columbus has warned non-domiciled UK residents of the pitfalls of making large withdrawals from their international pension plans (IPP) ahead of changes to rules governing remittances.

Published : 22, Sep 2016
Advisers losing out due to customer experience not price

Advisers losing out due to customer experience...

Advisers are losing business because they are failing to provide clients with a good customer experience, not because other companies are beating them on price, according to Rod Bryson, principal - wealth, long-term savings and insurance at Capgemini Consulting.

Published : 21, Sep 2016
UK to change definition of ‘advice’ in line with Mifid

UK to change definition of ‘advice’ in line with...

The UK government has launched a consultation on changing the definition of financial advice, so that only a personal recommendation for a product is considered advice which will be regulated.

Published : 21, Sep 2016
Limited guaranteed income options a blow to pension freedoms

Limited guaranteed income options a blow to pension...

Annuity rate cuts and all-time low interest rates are risking the success of pension freedoms by limiting the choice of guaranteed retirement income solutions and pushing savers into unprotected drawdown, according to MetLife.

Published : 20, Sep 2016
Guernsey regulator fines Louvre Fund and two directors

Guernsey regulator fines Louvre Fund and two directors...

Guernsey-based Louvre Fund Services and two of its executive directors have been fined under the island’s protection of investors law.

Published : 19, Sep 2016
Standard Life acquisition of Almary Green called off

Standard Life acquisition of Almary Green called...

Standard Life subsidiary 1825 has confirmed that discussions to buy Norwich-based independent advice firm Almary Green have ended by “mutual agreement”.

Published : 19, Sep 2016
Macro must play greater role in pensions debate - Bailey

Macro must play greater role in pensions debate...

The macroeconomic aspect of the pensions debate requires more attention said Andrew Bailey, chief executive of the Financial Conduct Authority.

Published : 16, Sep 2016
November cut on the cards after BoE holds rates

November cut on the cards after BoE holds rates...

Economists expect another rate cut will materialise in November after the Bank of England’s Monetary Policy Committee (MPC) unanimously voted to hold rates at 0.25% on Thursday.

Published : 15, Sep 2016
FCA plans to ban Barclays Wealth man over destroyed report

FCA plans to ban Barclays Wealth man over destroyed...

The Financial Conduct Authority (FCA) has said it intends to ban former chief operating officer of Barclays Wealth and Investment Management Andrew Tinney.

Published : 14, Sep 2016
FCA to ‘steer away’ from fund manager fee cap

FCA to ‘steer away’ from fund manager fee cap

The Financial Conduct Authority (FCA) is set to hold back from capping the fees fund managers charge on their products, according to reports.

Published : 12, Sep 2016
Five questions the UK’s autumn statement needs to answer

Five questions the UK’s autumn statement needs...

With a date of 23 November now set for chancellor Philip Hammond’s first autumn statement, AJ Bell senior analyst Tom Selby has outlined five questions Hammond needs to answer when he takes to the despatch box.

No secondary annuity market service for Hargreaves Lansdown

No secondary annuity market service for Hargreaves...

Hargreaves Lansdown will not offer a service for investors to sell their annuities when the UK government scheme launches next year, citing too many risks for investors.

Published : 6, Sep 2016
UK pensions industry wants tax clarity in autumn statement

UK pensions industry wants tax clarity in autumn...

With no date set for new UK chancellor Philip Hammond’s autumn statement, and no hints as to what it will contain, the financial services industry will continue treading water, said Jon Gwinnett, pensions technical manager at Nucleus.

Published : 5, Sep 2016
Would-be pension savers squeezed by other financial demands

Would-be pension savers squeezed by other financial...

Fewer than a fifth (17%) of UK advisers think that clients who feel squeezed keeping up with bills and repayments would put any extra money towards their pension savings, research from Royal London has found.

Published : 5, Sep 2016
Prudential launches online TV channel to support advisers

Prudential launches online TV channel to support...

Prudential is expanding its support for advisers with the launch of Knowledge TV, offering continuing professional development (CPD) certified ‘box sets’, technical insights, and online demonstrations.

Published : 5, Sep 2016
Brexit impact extends well beyond Europe - RLAM's Greetham

Brexit impact extends well beyond Europe - RLAM's...

The Brexit vote has had a wider impact beyond the UK and Europe, temporarily derailing the US Federal Reserve’s plan to raise interest rates and allowing other governments to argue that there is a crisis under way that needs to be addressed with more forceful stimulus. Japan is a case in point.

Published : 2, Sep 2016
Easier for UK advice firms to get corporate chartered status

Easier for UK advice firms to get corporate chartered...

UK financial advice firms applying for corporate chartered financial planner status from the Chartered Insurance Institute (CII) can face an easier time than their overseas counterparts.

Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man hits out...

Isle of Man chief minister Allan Bell has questioned...

France, Germany and Italy fighting EU-wide ban on commission
France, Germany and Italy...

France, Germany and Italy are fighting against introducing...

Guernsey regulator fines Louvre Fund and two directors
Guernsey regulator fines...

Guernsey-based Louvre Fund Services and two of its...

International Adviser Best Practice Adviser Awards 2016 results
International Adviser...

The winners in International Adviser’s inaugural Best...

Advisers losing out due to customer experience not price
Advisers losing out due...

Advisers are losing business because they are failing...

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