Industry

Best Practice | 31 Aug 16

The UK Treasury has set out plans to allow savers to take out £500 ($654, €586) from their retirement pots tax free to help pay for financial advice in a bid to plug the ‘advice gap’ following the pension freedoms.

Companies | 30 Aug 16

Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.

Retirement | 30 Aug 16

More than half of financial advisers (53%) in the UK expect an increase in the number of clients specifically seeking Brexit-related financial planning advice, research from Prudential shows.

Best Practice | 30 Aug 16

The Australian corporate regulator has released formal guidance on providing robo-advice or other forms of digital advice to retail clients in order to help the growing band of start-ups and fintech companies entering the field.

People Moves | 30 Aug 16

Axa Asia has appointed a regional chief risk officer, while Chinese wealth manager Noah has made changes to its senior executive team. A fund manager is to depart Schroders, with Legg Mason bolstering its international product team in Australia.