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UK delays non-dom and IHT reforms in shock election move

UK delays non-dom and IHT reforms in shock election...Lock icon

The UK government has delayed the introduction of long-awaited changes to the rules governing non-UK domiciles, which were set to go live earlier this month.

Published : 25, Apr 2017
Five UK tax changes postponed by the snap election

Five UK tax changes postponed by the snap election...Lock icon

UK chancellor Philip Hammond has put on hold some significant changes relating to IHT, deemed domicile rules, and life insurance policies due to the snap election in June, that will impact the international advice market.

Published : 25, Apr 2017
Royal London offers ‘pioneering’ life cover for diabetics

Royal London offers ‘pioneering’ life cover for...

UK insurance giant Royal London has created life cover specifically designed for people with Type 1 and Type 2 diabetes, which the life insurer describes as a first for the British protection market.

Published : 25, Apr 2017
UK ombudsman blasts Sipp transfer into Ukrainian property fund

UK ombudsman blasts Sipp transfer into Ukrainian...Lock icon

A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.

Published : 25, Apr 2017
Strong pension business helps SJP net inflows rise to £2bn in Q1

Strong pension business helps SJP net inflows...

UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.

Published : 25, Apr 2017
 Ongoing UK dividend bonanza spurred by sterling weakness

Ongoing UK dividend bonanza spurred by sterling...

The UK equity market pumped out 9.5% more dividends in the first quarter than the previous year as sterling’s weakness continued to magnify the payouts.

Published : 24, Apr 2017
Five UK Budget proposals at risk from the snap election

Five UK Budget proposals at risk from the snap...Lock icon

British prime minister Theresa May has called a snap election on 8 June, a decision which may have a knock-on effect on some of the new measures announced in the Spring Budget last month. Here’s a list of proposals which could either be rushed through or delayed as the UK prepares to go to the polls.

Published : 24, Apr 2017
Fraudster who ran £8.5m spread betting scam banned for 12 years

Fraudster who ran £8.5m spread betting scam banned...

A British scammer, who ran a failed spread betting scheme, has been banned by a UK court from acting as a company director for 12 years.

Published : 21, Apr 2017
Controversial death tax hike axed ahead of snap election

Controversial death tax hike axed ahead of snap...

Plans to introduce a sharp increase in UK probate fees have been scrapped by the Ministry of Justice as a direct consequence of the surprise snap general election in June.

Published : 21, Apr 2017
HMRC loses Sipp case over pension liberation charges

HMRC loses Sipp case over pension liberation charges...Lock icon

A UK court has ruled that Sipp scheme operator Sippchoice should not pay sanction charges after HM Revenue & Customs (HMRC) accused it of being a pension liberation vehicle.

Published : 20, Apr 2017
UK to delay ban on pension cold calling amid snap election

UK to delay ban on pension cold calling amid snap...

The UK government could delay introducing a ban on pension cold calling after British prime minister Theresa May called a snap election for 8 June, according to investment platform AJ Bell.

Published : 20, Apr 2017
ANALYSIS: Does snap election signal time to cut UK equities?

ANALYSIS: Does snap election signal time to cut...

The murky state of UK politics is cementing wealth manager and asset allocator aversion to the domestic equity market with exposures continuing to shrink.

Published : 19, Apr 2017
Expat cities among the most expensive for rent

Expat cities among the most expensive for rent...Lock icon

Hong Kong, Dubai and Singapore are some of the most expensive cities in the world when it comes to how much people have to earn to pay rent but they do not top the list, research from UK property selling start-up Nested has found.

Published : 19, Apr 2017
Gold sales soar following UK snap election decision

Gold sales soar following UK snap election decision...

Physical gold sales soared on Tuesday after UK prime minister Theresa May called a snap general election, according to The Pure Gold Company.

Published : 19, Apr 2017
IoM taxpayers footing the bill for New Earth Group wind up

IoM taxpayers footing the bill for New Earth Group...

Taxpayers on the Isle of Man will pay for the winding up of collapsed investment fund New Earth Recycling and Renewable (NERR), part of the New Earth Group of Funds, after the island’s financial regulator stepped in to pick up the tab.

Published : 19, Apr 2017
Nine countries dropped as Qrops list culled by 30%

Nine countries dropped as Qrops list culled by...Lock icon

Nine countries were dropped and one added when HM Revenue & Customs updated its list of qualifying recognised overseas pension schemes (Qrops) on Tuesday after it was temporarily suspended following drastic changes to overseas pension transfers.

Published : 18, Apr 2017
UK regulator to target pension ‘decumulation’ market

UK regulator to target pension ‘decumulation’...Lock icon

The UK’s financial regulator plans to put a greater focus on the drawdown phase of the pensions market in the current financial year, and has promised to do more to tackle pension scams.

Published : 18, Apr 2017
UK advisers face 5% fee hike

UK advisers face 5% fee hike

The Financial Conduct Authority has proposed a 4.7% hike in fees for advisers and brokers as part of its 2017/18 business plan.

Published : 18, Apr 2017
Advice businesses must adapt to survive and thrive

Advice businesses must adapt to survive and thrive...Lock icon

Changes in regulation coupled with a transformation in client expectations and increased use of technology means financial advisers need to review their business model to ensure they have a business that is future fit, says Old Mutual Wealth's Mike Leeson.

UK pension transfer risks rise for investors and advisers

UK pension transfer risks rise for investors and...Lock icon

The sharp increase in people transferring out of defined benefit (DB) pension schemes poses risks for investors and the industry, says Tom McPhail, head of policy at Hargreaves Lansdown. His warning comes as the UK’s pension transfer industry remains under close regulatory scrutiny.

Published : 12, Apr 2017

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Qrops cull expected in shock second suspension of UK list
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HMRC loses Sipp case over pension liberation charges
HMRC loses Sipp case...Lock icon

A UK court has ruled that Sipp scheme operator Sippchoice...

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