Industry
Delay drawing pension until next year says expert
Financial advisers should tell clients thinking of taking money out of their pension fund over the next few months to wait until next year to make full use of the increase in the Lifetime Allowance (LTA), industry experts are saying.
Raid on rival boosts new AIA advice arm
Singapore’s newly minted AIA Financial Advisers is on a recruitment spree and has reportedly made an offer of around S$100m (£56.5m, $74.5m, €62m) to lure across more than 300 people from Great Eastern’s Advisors Alliance Group.
Brexit to hit three times more British than EU pensioners
There are three times as many Brits over the age of 65 living in other European Union countries than vice versa but they are showing little inclination to rush home ahead of Brexit, figures from the UK’s Office for National Statistics (ONS) suggest.
Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.
IFA jailed for forging signatures
A former financial adviser who was found guilty of forging clients’ signatures to invest their cash into a high-risk fund that later went bankrupt has been sentenced to seven years in prison.