Retirement
China’s fund association lashes out at marketing gaffe
The Asset Management Association of China (AMAC), the fund industry’s self regulatory body, has sharply criticised an online fund marketing campaign launched by a wealth management arm of e-commerce giant Alibaba, involving 16 fund managers.
Expat pensions at risk admits UK chancellor
UK chancellor Philip Hammond has admitted the government is “alive to the risk” that leaving the EU without a Brexit deal could create “legal uncertainties” for European cross-border pensions and insurance arrangements.
Best Practice | 11 Oct 17
Benchmark sets ‘comfortable’ UK retirement goal
A series of national income targets could be used to help pension savers understand whether they are on track for a comfortable retirement, the Pension and Lifetime Savings Association (PLSA) has proposed.
Two Sipp providers partner with platform for worldwide push
Guernsey-based platform Momentum Wealth International has partnered with two well-established expat-focused pension providers, Edinburgh-based Forthplus and the unrelated, multi-jurisdictional Momentum Pensions to give a worldwide push for customised versions of their self-invested personal pension schemes.
Half of DB pension transfers unsuitable blasts FCA
The UK financial watchdog has strongly criticised defined benefit (DB) pension transfer advice saying that most of the recommendations made are unsuitable.