Industry
Tax & Regulation | 26 Jul 16
Brexit vote reignites debate over cuts to pensions tax relief
The UK’s decision to quit the European Union could lead to a raid on pensions tax relief, experts in the industry have warned.
Tax & Regulation | 26 Jul 16
Committee recommends FCA split to set up enforcement body
The Treasury Committee is recommending that part of the UK’s Financial Conduct Authority (FCA) be spun out to form a new financial regulation enforcement body.
Brooklands appoints administrator, Heritage takes over Sipps
Brooklands Trustees, an FCA authorised Sipp provider, has gone into administration and sold its assets to Heritage Pensions, according to a note to clients from the new administrator Duff and Phelps.
People Moves | 26 Jul 16
PEOPLE MOVES: Aviva Investors, BNY Mellon, HSBC Private Bank
Aviva Investors has named an interim replacement for its Asia Pacific chief executive. BNY Mellon has announced two senior investment services promotions in EMEA, while HSBC Private Bank has named a business head for North America.
Sipps top UK ombudsman’s list of complaints
Complaints about self-invested personal pension schemes (Sipps) had the highest success rate of any product looked at by the UK’s Financial Ombudsman Service (Fos) in the first quarter of this year.