Elmo launches ‘first ever’ fully flexible QROPS
Malta-based Elmo Pensions, a subsidiary of Elmo Insurance, has launched what it believes to be “one of the first” QROPS to offer full flexibility in line with the UK pension reforms.
BNY Mellon abandons Asian platform
American asset manager, BNY Mellon, has decided to shut down its platform for high net worth individuals in Singapore and Hong Kong after just 16 months.
Cayman Islands authority takes over troubled Belvedere fund
Suspended fund, Brighton SPC, has been taken over by the Cayman Islands Monetary Authority after a “forensic examination” was conducted on the investment vehicle.
United Kingdom | 3 Jun 15
Bond surrender: Technical briefing with Prudential
Partial surrenders of life assurance and similar policies create huge tax traps, which means advice on exit is just as important as it was at inception.
Tax & Regulation | 2 Jun 15
Review urged to curb ‘unreasonable’ regulatory costs
An urgent review is needed to avoid “unreasonable” regulatory costs and levies on UK-based financial advisers, according to the Personal Finance Society.