United Kingdom
Best Practice | 28 Feb 17
UK redefines financial advice in line with Mifid
The UK will go ahead with plans to change the definition of financial advice so that regulated firms will only be giving advice when they provide a personal recommendation.
North America | 27 Feb 17
Harlequin nears liquidation after court refuses more time
Beleaguered overseas investment scheme Harlequin Property SVG is a step closer to liquidation after the High Court in St Vincent and the Grenadines refused to grant more time for the managers to file their proposal to creditors.
Tax & Regulation | 27 Feb 17
HMRC rejects film industry tax avoidance criticism
HM Revenue & Customs (HMRC) has rejected criticism over how it has handled the exploitation of tax breaks for the film industry, which Treasury chairman Andrew Tyrie claims has been “financially calamitous” for some investors.
Best Practice Adviser Awards | 27 Feb 17
Why all int’l advisers must pay attention to the UK regulator
The trouble with retirement planning is that there are many different rules and regulations as successive governments add their stamps to the way we save for and use our pension pots.
Retirement | 24 Feb 17
Drawdown beats annuities but pension cash is king
More than half of UK pension pots accessed for the first time were withdrawn entirely as cash lump sums in Q3 2016. Drawdown proved twice as popular as annuities but a fall in the number of people seeking advice before making pension decisions has some in the industry concerned.