United Kingdom
UK taxman hands £29m back to pensioners
HM Revenue & Customs processed 14,477 tax repayment claims forms in the three months ending 30 June 2018, handing back just under £29m ($38m, €32.5m) to people who had accessed their pensions.
Asia fund flows boost SJP results
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to £7.9bn ($10.4bn, €8.9bn), an increase of 15% compared with the first half of 2017.
SJP drops Aberdeen Standard as ethical manager
A sustained period of underperformance has prompted St James’s Place (SJP) to drop Aberdeen Standard Investments (ASI) and appoint Impax Asset Management to run its £286m (€320m, $375m) ethical fund.
AFH Group boss calls platforms ‘dead weight’ as he scraps fees
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
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.