Industry
Tax & Regulation | 17 Jul 17
FCA reveals 8 firms rapped for pension transfers last year
The Financial Conduct Authority has confirmed that it took action to stop eight UK firms, including deVere and Holborn, conducting and/or arranging overseas pension transfers in the last financial year but has declined to name them all.
Tax & Regulation | 17 Jul 17
FCA to focus on ‘value for money’ in platform probe
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
Tax & Regulation | 17 Jul 17
Four reasons why HMRC had a bumper year
Latest figures from the UK tax office show that it netted £29bn ($37.6bn, €32.9bn) in the past year just by cracking down on tax evaders, with overall tax coffers up 7% to £580bn in 2016/17. Here’s a breakdown of why HMRC is having a record year in revenues, according to its annual report.
Retirement | 17 Jul 17
STM launches Sipp for international clients
STM Group has launched a UK-based self-invested personal pension (Sipp), designed specifically for international clients with UK pensions, taking advantage of recent changes impacting the Qrops market.
Best Practice | 17 Jul 17
UK pension transfer changes – what are the risks for advisers?
The FCA has proposed overhauling the rules for advising on DB to DC pension transfers. Rob Morris, partner at RPC, looks at the risks these changes create for financial advisers and their insurers.