United Kingdom
Tax & Technical | 12 Jul 17
UK eyes ‘intervention’ to allow pension access without drawdown
The Financial Conduct Authority (FCA) has said it is looking to work with the UK government to allow savers to access their pension pots without taking drawdown amid fears consumers need greater protection in the non-advised drawdown market.
United Kingdom | 11 Jul 17
UK regulator urged to reform complex disclosure rules
There is a ‘clear case’ for simplifying the point of sale disclosure regime which is too complex and confusing for investors, UK platform provider AJ Bell’s chief executive said in an open letter to the FCA.
Advice firm promoting Ukrainian property fund goes bust
Cumulus Investment Management, a UK investment firm which has previously come under fire for advising clients to invest in a high-risk Ukrainian property scheme, has officially been dissolved.
Investment | 11 Jul 17
ANALYSIS: Will wealth managers avoid scrutiny on charges?
Has the FCA asset management review missed a trick by not expanding its demands for transparency to wealth management?
Offshore Bonds | 11 Jul 17
OMI to offer DFM-run offshore bond for UK expats in Middle East
Life insurer Old Mutual International has launched an offshore bond aimed at British expats in the Middle East and Africa which can help them return to the UK without incurring the “deemed gain” tax charge on their overseas investments.