United Kingdom
Retirement | 25 Apr 17
UK ombudsman blasts Sipp transfer into Ukrainian property fund
A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.
Strong pension business helps SJP net inflows rise to £2bn in Q1
UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.
Investment | 24 Apr 17
Ongoing UK dividend bonanza spurred by sterling weakness
The UK equity market pumped out 9.5% more dividends in the first quarter than the previous year as sterling’s weakness continued to magnify the payouts.
Tax & Regulation | 24 Apr 17
Five UK Budget proposals at risk from the snap election
British prime minister Theresa May has called a snap election on 8 June, a decision which may have a knock-on effect on some of the new measures announced in the Spring Budget last month. Here’s a list of proposals which could either be rushed through or delayed as the UK prepares to go to the polls.
Tax & Regulation | 21 Apr 17
Fraudster who ran £8.5m spread betting scam banned for 12 years
A British scammer, who ran a failed spread betting scheme, has been banned by a UK court from acting as a company director for 12 years.