United Kingdom
Best Practice | 26 Jan 18
UK Govt backs down on pension freedoms ‘auto guidance’ plans
The UK Government has removed an amendment to the Financial Guidance and Claims Bill, that would have required people taking benefits under the pension freedoms or transferring benefits to be automatically enrolled into guidance.
UK haemorrhaging high net worths
Four times as many high net worth individuals left the UK in 2017 than arrived, according to research from Johannesburg-based New World Wealth (NWW).
SJP funds under management hit record
St James’s Place (SJP) Wealth Management has more than £90bn (€102bn, $127bn) of group funds under management, making 2017 a record year for the restricted advice company.
Hansard shows Q2 growth despite Middle East decline
Hansard Global is still recovering from losing a major distribution partner in the Middle East, as it reports low-level growth in new business premiums for the second half of 2017.
Active equity fund flows spike in 2017 after negative 2016
European active equity funds saw a turnaround in net flows during 2017, enjoying a rise of €135.8bn in net new money to €62.7bn, after suffering an outflow of €73.1bn in 2016, according to Morningstar data.