Industry
Malta amends tax rules to clarify Qrops 30% transfer limit
Malta’s government has amended its income tax rules to make clear that savers can still take a 30% pension commencement lump sum (PCLS) when they transfer their pension pot into a Qrops registered on the island, after “significant lobbying” efforts by specialist provider Momentum Pensions.
LGBT community sees dip in average sums assured
The average sum assured for lesbian, gay, bisexual and transgender (LGBT) people in the UK fell by more than £8,000, according to gay insurance adviser Compass Mortgage and Insurance Services.
SJP raises dividend, rolls out new income fund
St James’s Place has increased its interim dividend by 15% despite reporting a drop in profit for the second quarter.
Brewin Dolphin underpinned by strong discretionary flows
UK wealth manager Brewin Dolphin has reported a 3.5% increase in discretionary funds under management to £26.8bn ($35bn, €32bn) during its third quarter.
Santander and UniCredit end fund management merger talks
A deal to merge the fund management businesses of Italy’s UniCredit and Spain’s Santander has officially been called off.