STM concedes UK’s tax charge to hit 80% of new Qrops business
Cross border financial services provider STM Group has revealed that the UK’s shock decision to impose a 25% charge on transfers to foreign pension schemes will affect 80% of its new Qrop business.
Retirement | 9 Mar 17
Edgy deadlines for Qrops market, devil in planning detail
Those operating in the Qrops market are now facing three crucial deadlines starting from today, as the implications of the hammer blow of a 25% overseas pension transfer charge applying to client pension pots in some circumstances sink in for advisers, providers and their clients.
Aviva strengthens foothold in Singapore with 420 advisers
Insurance giant Aviva has revealed it employs 420 financial advisers in its Singapore advisory unit which was established less than a year ago.
Investors pile into European small cap ETFs
European small and mid-cap exchange traded funds saw higher net inflows in February than their large cap equivalents, according to Blackrock data.
Offshore Bonds | 9 Mar 17
HMRC sets two year window to appeal offshore bond withdrawals
The UK tax office has given policyholders two years to appeal ‘unfair’ or disproportionate tax bills resulting from ‘mistaken’ withdrawals from life policies.