United Kingdom

Companies | 15 Dec 16

The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn ($2.9bn, €2.7bn) to Liontrust’s assets under management, pushing it past the £8bn mark.

Retirement | 15 Dec 16

The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.

Europe | 15 Dec 16

One of Britain’s most prominent Brexit committees has warned that tens of thousands of financial services jobs could be lost to continental Europe by next year if ministers do not agree a deal on single market access with the EU.

Best Practice | 14 Dec 16

Adviser built-wrap Nucleus has launched an online portal to help UK adviser firms with their professional and practice development.

Tax & Regulation | 14 Dec 16

The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.