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Returning expats ‘hardest hit’ by non-dom reforms

Returning expats ‘hardest hit’ by non-dom reforms...Lock icon

Thousands of British expats face significant bills if they return to the UK after new non-dom tax rules come into force next week.

Published : 30, Mar 2017
FCA fines ex-investment banker over Whatsapp boasts

FCA fines ex-investment banker over Whatsapp boasts...

A former investment banker has been fined more than £37,000 ($45,965, €42,610) by the FCA after he admitted trying to impress friends by revealing confidential client details in Whatsapp chats.

Published : 30, Mar 2017
UK advisers spur growth in Royal London’s life and pensions

UK advisers spur growth in Royal London’s life...

Royal London has reported a 28% rise in new life and pensions business to £8.6bn (€9.9bn, $10.6bn), driven by strong sales from UK financial advisers.

Published : 30, Mar 2017
Brexit prompts nearly £1m financial services review on Jersey

Brexit prompts nearly £1m financial services review...

The government of Jersey is to spend £900,000 ($1.1m, €1m) on another strategic review of the island’s financial services industry, to analyse the implications of Brexit and the effect of digital disruption.

Published : 30, Mar 2017
HMRC fails to clamp down on tax evasion as avoidance plummets

HMRC fails to clamp down on tax evasion as avoidance...

The UK tax office is still losing £11.4bn (€13.1bn, $14.1bn) of revenue every year to evasion despite introducing a host of measures aimed at tackling tax avoidance, according to research by consulting firm RSM.

Published : 30, Mar 2017
Five ways to benefit at the pension last chance saloon

Five ways to benefit at the pension last chance...

Pension savers in the UK have up until midnight on 5 April to maximise their contributions to offset this year’s tax bill, says Nathan Long, senior analyst at Hargreaves Lansdown. Here he suggests five ways savers can make the most of their unused allowances.

Published : 30, Mar 2017
Brexit poses investment challenge for advisers - Pru survey

Brexit poses investment challenge for advisers...

As the UK takes its first formal step toward leaving the European Union, UK insurance giant Prudential says its research found that financial advisers view ‘Brexit’ as one of the biggest investment planning challenges they face.

Published : 29, Mar 2017
UK delays non-dom tax changes to offshore trusts until 2018

UK delays non-dom tax changes to offshore trusts...Lock icon

The UK government has delayed changes to the treatment of overseas trusts held by non-UK domiciles, amid concerns the reforms may force out Britain’s wealthiest foreigners.

Published : 28, Mar 2017
Advisers still wary of giving DB transfer advice

Advisers still wary of giving DB transfer advice...

UK advisers remain wary of defined benefit (DB) pension transfers due to the risks associated with challenges to historic advice, research has found. This is despite two thirds of advisers expecting a “big increase” in client enquiries about DB to DC transfers over the next 12 months.

Published : 28, Mar 2017
AJ Bell unveils holdings for multi-asset launches

AJ Bell unveils holdings for multi-asset launches...Lock icon

AJ Bell’s first fund launch, a range of five diversified multi-asset funds that are risk-rated from cautious to adventurous, will start trading on 18 April 2017.

Published : 28, Mar 2017
IA to consult on hidden charge criticisms

IA to consult on hidden charge criticisms

Asset managers have fired a major shot in their battle to win over sceptical politicians, regulators and clients with the launch of a public consultation on a new costs and charges disclosure scheme.

Published : 27, Mar 2017
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

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FPI up for sale with Utmost Wealth 'in the running'
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UK/UAE treaty allows expats to cash out pensions tax free
UK/UAE treaty allows...Lock icon

A new UAE-UK double tax treaty, which came into force...

Italy introduces non-dom tax breaks to lure wealthy foreigners
Italy introduces non-dom...

Italy has introduced a flat rate of tax aimed at attracting...

Standard Life cuts Asia insurance profile with Hong Kong sale
Standard Life cuts Asia...Lock icon

Standard Life has agreed to sell its wholly-owned Hong...

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