Retirement | 6 Jun 17
Pension transfer delays expected as HMRC misses Rops deadline
Pension transfers are likely to be delayed and providers, advisers and clients have been left in limbo after HM Revenue & Customs failed to publish a new list of recognised overseas pension schemes (Rops) that was scheduled for Monday.
PEOPLE MOVES: Mirae Asset Life, HSBC, Schroders
Mirae Asset Life Insurance’s chief executive has resigned and been replaced by one of the company’s vice presidents. HSBC has created a head of financial crime compliance role for its Channel Islands and Isle of Man operations, while Schroders has appointed a head of multi-asset product for north Asia.
Emerging Markets | 6 Jun 17
Investors keep pouring money into EM debt
Emerging market debt was the best-selling asset class with European investors for the fourth consecutive month in April, according to Morningstar fund flows.
Strategic Wealth UK ordered by FCA to cease pensions business
Strategic Wealth UK Ltd, a Wales-based IFA which partners with offshore advisers in Gibraltar to provide Qrops and Qnups services, has been ordered by the Financial Conduct Authority to immediately cease all pension related business.
European Wealth makes play into frontier markets
European Wealth has added to its exposure in emerging and frontier markets resisting the current investor temptation to “sit on your hands” and weather any upcoming storms.