United Kingdom
Offshore Bonds | 1 Nov 16
HMRC could rule out changes to 5% withdrawal on life bonds
The UK is expected to adopt an all or nothing approach on upcoming changes to the 5% tax free withdrawal from offshore bonds, Canada Life International’s technical manager Neil Jones has revealed.
Technology | 1 Nov 16
Robo-advisers will not ‘kill off’ traditional IFAs
Robo-advice will not kill off financial advisers but will instead help them cater to less profitable clients, according to chief executive of digital investment manager Moo.la, Gemma Godfrey.
FCA bans six for UK property scheme scam
Six of the eight men found guilty last year of a UK property fund scam, which defrauded investors of around £4.3m ($5.24m, €4.78m), have been banned by the Financial Conduct Authority (FCA) from performing any function in relation to any regulated activity in the industry.
United Kingdom | 1 Nov 16
UK advisers expect an increase in M&A activity
Consolidation among small IFA firms is expected to increase over the next two years, according to a survey by Investec Wealth & Investment.
Best Practice | 31 Oct 16
Pound volatility sees UK pension holders seeking more advice
The volatility of the pound has seen a significant uptick in people seeking advice on moving British pensions abroad, which could see hundreds of millions of pounds driven overseas, says deVere Group chief executive Nigel Green.