Regions
United Kingdom | 25 Aug 16
European Wealth revises charges to lift financial planning arm
European Wealth has announced it will alter its fee structure after its financial planning arm saw disappointing turnover and the overall group reported losses in the first half of the year.
Retirement | 25 Aug 16
UK rate cut to increase platform fees, says James Hay
IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.
Allianz secures distribution rights with Malaysia’s Maybank
German insurer Allianz has signed a 10-year distribution deal with Malaysia’s Maybank to sell its life products from its retail branches in Indonesia.
Tax & Regulation | 24 Aug 16
UK IFA ordered to pay client over Arch Cru pension transfer
UK-based IFA firm Tenet must compensate a client for advising him to transfer his pension into the doomed high-risk Arch Cru fund, which lost investors up to £361m ($462m, €408m).
Best Practice | 24 Aug 16
HMRC plans tougher penalties for offshore tax evaders
The UK tax office has announced plans to increase the penalties on anyone who has not paid outstanding taxes from offshore investments ahead of the start of a new data sharing agreement with the crown dependencies and territories in October.