United Kingdom
Retirement | 31 Jul 18
Pension transfers into Qrops cools to £740m
Measures designed to curb the abuse of transfers to qualifying recognised overseas pension schemes (Qrops) appear to have been effective, the latest UK government figures reveal.
£20bn withdrawn since pension freedoms launched
The popularity of the UK’s pension freedoms is showing no signs of slowing, with almost £20bn ($26.2bn, €22.4bn) having now been flexibly accessed since the reforms launched in April 2015, according to the latest figures from HM Revenue & Customs.
Tax & Technical | 31 Jul 18
Tax probes into wealthy yield £281m extra in a year
The targeting of footballers’ tax affairs is among the reasons the UK Exchequer netted 29% more from the rich last year.
Best Practice | 31 Jul 18
New regulations for DB pension transfer advice
Five years on from the introduction of auto-enrolment, and three years on from pension freedoms, the UK retirement planning landscape has undeniably changed. David Denton, head of international technical sales at Old Mutual Wealth, explains.
United Kingdom | 30 Jul 18
Adviser who gambled away £15.6m jailed
A once-respected adviser who conned millions out of his community to feed his gambling habit has started a six-year prison sentence.