Industry
Retirement | 3 Jun 16
Watchdog tells wrongly-advised client to pay £1,700 exit fee
A decision by Friends Life to charge a client a £1,700 exit fee for transferring a planned pension has been upheld by the UK’s Pensions Ombudsman Service (POS), despite being wrongly advised by her IFA.
Dubai announces grace period to meet health cover rule
The Dubai Health Authority has decided to delay imposing any penalties on individuals and their dependents if they fail to meet a 30 June deadline to sign up for mandatory health insurance cover.
Best Practice | 2 Jun 16
ANALYSIS: It is time to reimagine the IFA / DFM relationship
The growth in financial advisers choosing to outsource investment services to discretionary fund managers increasingly begs the question ‘what are they actually charging for?’
Investment | 2 Jun 16
Tilney Bestinvest launches new Ucits funds aimed at expats
Investment manager Tilney Bestinvest has unveiled a new range of risk-graded multi-asset, Ucits compliant, Open-Ended Investment Companies (OEICs).
Best Practice | 2 Jun 16
Better investor defences may fill advice gap – Axa’s Willoughby
Some form of state-provided consumer protection covering financial products is needed to overcome the “advice gap” in the UK, says Simon Willoughby, head of Proposition for Axa Wealth International.