United Kingdom
Passporting vital for small advice firms post-Brexit
News that passporting will continue during the Brexit transition period has been welcomed by the founder of a Belgium-based advice firm who has also backed the FCA chief’s calls for the agreement to continue after the UK leaves the EU.
Investment | 28 Mar 18
Allianz backed robo-adviser launches Sipp
Digital wealth manager Moneyfarm has launched a self invested personal pension (Sipp).
Head of UK tax evasion inquiry blasts offshore centres
The UK “should regard it as a matter of national shame that the crown dependencies and overseas territories that fly our flag give shelter to the wealth of the world’s financial elite”, HM Treasury sub-committee chair John Mann has said.
Zurich ramps up high net worth offering with UK acquisition
Zurich UK has agreed to acquire Oak Underwriting in a move that the company believes will transform the firm’s scale in the high net worth sector.
Best Practice | 28 Mar 18
AJ Bell to compensate Sipp client for ‘significant injustice’
The Pensions Ombudsman has ordered AJ Bell to compensate a client for lost interest and pay him £500 ($709, €570) for “significant non-financial injustice” after the investment platform failed to notify him the interest rate of his account would drop to 0%.