United Kingdom
Best Practice | 12 Jan 18
All DB pension transfer firms face FCA grilling
The Financial Conduct Authority will collect data from every UK firm that advises on defined benefit (DB) pension transfers, as part of a probe into practices across the market.
Investment | 12 Jan 18
Strategic bond fund sales break £7bn in 2017
Net retail sales of Sterling Strategic Bond funds neared £1.5bn ($2.02bn, €1.69bn) for the second month in a row in November 2017, taking the total raised by the sector for the year to £7.25bn, according to the Investment Association.
Best Practice | 12 Jan 18
Expat Britons in Europe warned of ‘legal limbo’
Securing rights in EU countries ahead of Brexit in 2019 should be straightforward for Brits, but the reality is anything but, a study has found.
Paradise Papers and Brexit to ‘batter’ UK taxman
HM Revenue & Customs must urgently set out a coherent plan and demonstrate it is fit for the future as it struggles to cope with its ever-growing workload and limited resources, the UK’s public accounts committee said.
Best Practice | 12 Jan 18
Retirement income expectations hit record high
People retiring in the UK in 2018 expect to live on an average annual income of £19,900 (€22,425, $26,888), the highest figure since the global financial crisis, according to research from Prudential.