Best Practice | 27 May 16
Scandals tainting legitimate tax planning strategies
More than a tenth of UK advisers have seen clients discouraged from using legitimate tax planning strategies as a result of high profile scandals, according to Old Mutual Wealth (OMW).
Retirement | 27 May 16
UK Treasury claims pensioners could lose £32k in Brexit vote
The UK Treasury has claimed a vote to leave the European Union could see almost £5,200 ($7,640, €6,835) wiped off the value of some pension pots.
Axa restructures, sells last UK operations to Phoenix
French insurance giant Axa announced the sale of the remaining parts of its UK business to the Phoenix Group on Friday, and unveiled a new-look global business structure from incoming chief executive Thomas Buberl.
European regulator launches EU-wide insurance stress test
A European pension watchdog has announced that it will conduct an EU-wide stress test of the region’s insurance companies – the first since the implementation of Solvency II.
Regulations helping drive ETFs in Asia
The passive products are gathering momentum in Asia, which is still in the early stages of ETF adoption, said Deborah Fuhr, managing partner of UK-based research consultancy ETFGI.