United Kingdom
Retirement | 21 Aug 17
UK retirement income down 46% since the financial crash
People retiring now must cope with pension income that is 46% lower than they could have expected had they retired immediately before the global financial crisis, analysis from Fidelity International has found.
Best Practice | 21 Aug 17
UK to limit right to transfer pensions but will include Qrops
As part of its crackdown on pension scams, HM Treasury has confirmed that it will limit the statutory right to transfer but will extend the proposed criteria to include qualifying recognised overseas pension schemes (Qrops).
Best Practice | 18 Aug 17
CISI teams up with university to offer pre-graduation exams
The Chartered Institute for Securities & Investment (Cisi) and Birmingham City University (BCU) have forged a partnership to give young graduates the opportunity to sit professional qualifications in financial services before finishing their degrees.
Tax & Regulation | 18 Aug 17
Ex-IFA jailed for stealing £1m from client pension funds
A former UK adviser has been jailed for six years and banned from being a company director for eight after he was convicted of stealing £1m ($1.29m, €1.1m) of clients’ money via a self-invested personal pension scheme he invented.
Tax & Regulation | 17 Aug 17
Guernsey bans Sark couple from director roles for 15 years
A husband and wife from the Channel Island of Sark have each been banned from acting as company directors for 15 years after they were convicted and imprisoned for conducting regulated business without a licence and obstructing justice.