United Kingdom

Technology | 16 Dec 16

Robo-advice firms “do not have a clue” how to communicate well with clients according to research published on Friday calling for the Financial Conduct Authority (FCA) to enforce vigorous rules in the industry.

Tax & Regulation | 16 Dec 16

Millions of pounds in tax relief given to celebrities such as England footballer Wayne Rooney and British comedian Jimmy Carr is being clawed back by HM Revenue and Customs (HMRC).

Companies | 15 Dec 16

The acquisition of Alliance Trust’s investment management business is projected to add £2.3bn ($2.9bn, €2.7bn) to Liontrust’s assets under management, pushing it past the £8bn mark.

Retirement | 15 Dec 16

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.

Europe | 15 Dec 16

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.