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Banned UK fraudster charged with £37m investment scam in US

Banned UK fraudster charged with £37m investment...Lock icon

A man disqualified from working as a director in the UK has been charged with fraud by the US Securities and Exchange Commission (SEC) for misleading investors in a $37m (£28m, €32m) scam.

Published : 3, Jul 2017
Top planning opportunities two years on from pension freedoms

Top planning opportunities two years on from pension...Lock icon

There are exciting new market opportunities for the taking, two years after the UK pension freedoms were introduced that raised customer awareness of the need for pension planning, says Matt Ward, communications director at AKG Financial Analytics

Published : 3, Jul 2017
IoM regulator scraps January 2018 commission disclosure

IoM regulator scraps January 2018 commission disclosure...Lock icon

UPDATED: Insurers headquartered on the Isle of Man will no longer have to provide customers with generic information about commissions and fees from 1 January 2018 after the island’s regulator scrapped its plans, in a move welcomed by the industry.

Published : 30, Jun 2017
PEOPLE MOVES: Old Mutual director runs for Zimbabwe presidency

PEOPLE MOVES: Old Mutual director runs for Zimbabwe...Lock icon

An Old Mutual director is to run for president of Zimbabwe, while Old Mutual Asset Management and Axa Asia are both losing their chief executives. Deutsche Bank Wealth Management has appointed a former Coutts & Co chief executive to head up its UK business.

Published : 30, Jun 2017
Montfort told to pay back client for unsuitable Qrops advice

Montfort told to pay back client for unsuitable...Lock icon

A UK IFA firm which specialises in advising Britons moving overseas has been ordered to compensate a client over “unsuitable” pension transfer advice.

Published : 29, Jun 2017
UK watchdog throws out Qrops case against Hargreaves

UK watchdog throws out Qrops case against Hargreaves...Lock icon

The UK’s Financial Ombudsman Service (FOS) has rejected a complaint against Hargreaves Lansdown after a client accused the platform provider of unnecessarily delaying a transfer of his pension into a Qrops.

Published : 28, Jun 2017
UK finance industry conflicted over asset management review

UK finance industry conflicted over asset management...Lock icon

Plans by the UK’s Financial Conduct Authority to crackdown on excessive asset management fund charges and improve competitiveness in the sector has been met with a flurry of contradictory responses from different parts of the financial services industry.

Do expensive funds provide value for money?

Do expensive funds provide value for money?Lock icon

When investors decide to buy a fund that charges higher-than-average fees, they presumably do so because they expect the manager to compensate for this by delivering outperformance.

Published : 28, Jun 2017
Garry Heath’s Libertatem becomes latest Fecif member

Garry Heath’s Libertatem becomes latest Fecif...Lock icon

UK trade association Libertatem has joined the European Federation of Financial Intermediaries and Financial Advisers (Fecif).

Published : 28, Jun 2017
Adviser slams IoM regulator over Quadris Environmental fund

Adviser slams IoM regulator over Quadris Environmental...Lock icon

A Shanghai-based financial adviser has heavily criticised the Isle of Man Financial Services Authority (IoMFSA) over how it has handled the fallout of the Quadris Environmental Forestry Fund, which invested in Brazilian teak plantations.

Published : 28, Jun 2017
How to build a successful advice business

How to build a successful advice businessLock icon

Building a successful advice business is not rocket science but it does require a clear vision, strategic objectives and the adoption of big data. Old Mutual Wealth's head of international distribution development, Mike Leeson, offers a road map to success.

Published : 27, Jun 2017
Emirates NBD Asset Management making an international push

Emirates NBD Asset Management making an international...Lock icon

The asset management arm of Emirates NBD Bank is making a push into the international market now that its Ucits umbrella has hit the all-important three-year mark, senior executive officer Salman Bajwa tells International Adviser.

Published : 26, Jun 2017
PEOPLE MOVES: BlackRock, Deutsche Bank, Aviva

PEOPLE MOVES: BlackRock, Deutsche Bank, AvivaLock icon

BlackRock has lost an ex-Barclays chief executive from its board after he was charged by the UK’s Serious Fraud Office. Deutsche Bank has ramped up its anti-financial crime divisionwith two senior hires, while Aviva has appointed its chief executive of international insurance to the company’s board.

Published : 23, Jun 2017
UK IFA promoting Brazilian teak scheme enters liquidation

UK IFA promoting Brazilian teak scheme enters...Lock icon

Total Wealth Solutions, which has links to the collapsed Brazilian teak forestry scheme Para Sky Plantation, has entered voluntary liquidation, just months after the UK’s Financial Ombudsman Service (FOS) upheld a complaint against the financial advice firm.

Published : 23, Jun 2017
Luxembourg regulator fines Rothschild over 1MDB failings

Luxembourg regulator fines Rothschild over 1MDB...Lock icon

Swiss private bank Edmond de Rothschild has been fined nearly €9m (£7.9m, $10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.

Published : 22, Jun 2017
Killik’s Sarah Lord joins Mazars as financial planning partner

Killik’s Sarah Lord joins Mazars as financial...Lock icon

International accountancy and advisory firm Mazars has appointed Sarah Lord, formerly of Killik & Co, as a financial planning partner in London.

Published : 21, Jun 2017
Most expensive global expat cities 2017

Most expensive global expat cities 2017Lock icon

Five Asian and three European cities were among the 10 most expensive places for expats to live, with the dubious honour of being the most expensive bestowed on the capital of Angola.

Published : 21, Jun 2017
Pension transfer advice rules were ‘past sell-by date’

Pension transfer advice rules were ‘past sell-by...Lock icon

The financial planning industry in the UK has welcomed the FCA’s plans to overhaul advice on pension transfers, with many describing the reforms as long overdue.

Published : 21, Jun 2017
CGT and IHT may fall victim to ongoing UK election stalemate

CGT and IHT may fall victim to ongoing UK election...Lock icon

Attractive exemptions to the inheritance tax (IHT) regime as well as low capital gains tax rates could face the chopping block amid concerns that Britain is heading for a second general election this year.

Published : 21, Jun 2017
Overseas pension transfers more complex under new FCA rules

Overseas pension transfers more complex under...Lock icon

Transfers to overseas pensions are likely to become even more complicated following proposals from the Financial Conduct Authority to overhaul pension transfer advice in the UK.

Published : 21, Jun 2017

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