Tax & Regulation | 17 Jun 15
UK gov’t steps up reform pressure on pension industry
The British Government has announced plans to strengthen the ability of savers to access their pension pots and tackle any unjustifiable exit fees thrown up by pension providers.
ALFI appoints Denise Voss as chairman, outlines 4-year plan
The Association of the Luxembourg Fund Industry (ALFI) has appointed Denise Voss of Franklin Templeton Investments as its chairman with immediate effect.
Wealth managers underestimate HNWI appetite for robo-advice
Wealth managers are significantly underestimating the propensity of ultra high net worth individuals to make use of automated advice services, the World Wealth Report 2015 shows.
Retirement | 17 Jun 15
Osborne reveals £1bn withdrawn since UK pension reforms
Thousands of UK savers have collectively withdrawn more than £1bn from their pension pots after new freedoms were introduced in April.
Retirement | 17 Jun 15
Advisers told to delay QROPS transfers as HMRC suspends list
Advisers have been “strongly advised” to exercise caution around QROPS transfers until HMRC lifts its suspension of the overseas pensions list, with the Revenue suggesting that schemes will be missing upon its return.