United Kingdom
Retirement | 15 Dec 16
Providers voice concerns on limits to UK pension transfers
The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.
Urgent Brexit deal needed to save 200,000 UK finance jobs
One of Britain’s most prominent Brexit committees has warned that tens of thousands of financial services jobs could be lost to continental Europe by next year if ministers do not agree a deal on single market access with the EU.
Best Practice | 14 Dec 16
Nucleus launches online learning platform for advisers
Adviser built-wrap Nucleus has launched an online portal to help UK adviser firms with their professional and practice development.
Tax & Regulation | 14 Dec 16
UK to make ‘polluters’ pay in FSCS levy shake-up
The UK regulator has proposed changing the financial compensation scheme to make riskier, so-called ‘polluter’ firms pay higher levies.
Tax & Regulation | 12 Dec 16
FCA fines down more than 97% in 2016
The UK’s Financial Conduct Authority (FCA) netted £22.2m ($27.9m, €26.4m) in fines against 23 financial institutions during 2016, a more than 97% drop from last year, reports the Guardian.