United Kingdom
United Kingdom | 16 Jan 17
Optimus launches Qnups aimed at UK IFA market
Isle of Man-based pension provider Optimus has launched a new qualifying non-UK pension scheme (Qnups) aimed at wealthy individuals hit hard by the UK’s lifetime allowance cap as well as the annual tax taper.
Tax & Regulation | 13 Jan 17
UK to crackdown on managers responsible for corporate crime
The UK government is to toughen laws governing fraudulent or dishonest activity by financial services companies to make it easier to successfully prosecute criminal offences such as fraud, money laundering and false accounting.
Best Practice | 13 Jan 17
Retail investment and robo-advice top SEC’s 2017 priorities
The US Securities and Exchange Commission has put retail investor protection and robo-advice at the centre of its examinations programme for 2017.
Investment | 12 Jan 17
UK charge comparison regime ‘not fit for purpose’
Key financial illustrations (KFIs) that are intended to help people compare pension and investment product charges in the UK are not fit for purpose and are “the worst possible example of information overload”, says AJ Bell marketing director Billy Mackay.
Tax & Regulation | 12 Jan 17
Ex-adviser jailed eight years over £4m Cyprus property fraud
A former financial adviser has been sentenced to eight and a half years in prison after being found guilty of defrauding clients out of £4m (€4.6m, $4.8m).