United Kingdom
UK equities and the long goodbye
As the market reacts to the UK’s shock decision to leave the EU, active managers are underperforming their passive peers when it comes to UK equities.
OMW denies shelving IPO over platform costs
Old Mutual Wealth has denied reports that it is looking at cancelling its planned listing on the London Stock Exchange due to runaway costs of upgrading the technology behind its platforms.
Tax & Regulation | 22 Sep 16
HFM Columbus warns UK non-doms of ‘pitfalls’ with IPP drawdowns
UK-based wealth manager HFM Columbus has warned non-domiciled UK residents of the pitfalls of making large withdrawals from their international pension plans (IPP) ahead of changes to rules governing remittances.
Best Practice | 21 Sep 16
Advisers losing out due to customer experience not price
Advisers are losing business because they are failing to provide clients with a good customer experience, not because other companies are beating them on price, according to Rod Bryson, principal – wealth, long-term savings and insurance at Capgemini Consulting.
Tax & Regulation | 21 Sep 16
UK to change definition of ‘advice’ in line with Mifid
The UK government has launched a consultation on changing the definition of financial advice, so that only a personal recommendation for a product is considered advice which will be regulated.