United Kingdom
Retirement | 20 Feb 17
UK plans to reform DB schemes trigger alarm bells
The UK government has suggested softening the rules on how defined benefit (DB) pension schemes should adjust payouts for the impact of inflation in a new report on tackling challenges facing the sector.
Tax & Regulation | 17 Feb 17
UK tax office warns on two tax avoidance schemes
HM Revenue & Customs has warned of a new disguised remuneration tax avoidance scheme that uses payment via annuities as a means to avoid income tax and national insurance contributions (NICs).
Harlequin boss David Ames charged with fraud
The UK’s Serious Fraud Office (SFO) has charged David Ames, chairman of the failed Caribbean property group Harlequin, with three counts of fraud.
OMW launches UK pension allowance calculator for high earners
Old Mutual Wealth has launched a new pension planning calculator, designed to help UK advisers deal with the recent changes to the annual allowance for contributions.
Best Practice | 16 Feb 17
UK university drops financial planning course
The University of South Wales has been forced to close its Level 4 accredited financial planning course due to a lack of demand.