United Kingdom
Best Practice | 7 Nov 16
UK government urged to scrap pensions triple-lock
The UK’s pension triple-lock will “worsen the economy”, is “heavily skewed” towards baby boomers, and should be scrapped, according to the Commons Work and Pensions Committee.
HSBC sees profits slide after shedding Brazil business
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
Royal London AM reports jump in managed assets
UK investment house Royal London Asset Management (RLAM) has announced that total funds under management by the group has exceeded £100bn for the first time.
Best Practice | 3 Nov 16
New pension transfers qualification launched by the CII
The UK’s Chartered Insurance Institute (CII) has launched a new pension transfers qualification to support those seeking to provide specialist advice, both domestically and internationally.
United Kingdom | 3 Nov 16
Brexit may not mean Brexit: court rules MPs must have a say
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to trigger Article 50 of the Lisbon Treaty.