United Kingdom
Macro Views | 14 Jul 16
BoE keeps rates on hold; is QE on the cards?
The Bank of England’s monetary policy committee (MPC) has surprised commentators by voting 8-1 to keep interest rates on hold at 0.5%.
UK IFA launches new life cover service for British expats
Unusual Risks, a UK-based mortgage and insurance advice firm has launched a new service aimed at providing life insurance to British expat living abroad.
Tax & Regulation | 14 Jul 16
Further tax cuts predicted as Hammond becomes UK chancellor
Britain’s new prime minister Theresa May has appointed former foreign secretary Philip Hammond as chancellor of the exchequer with a leading expert predicting he may delay long-awaited reforms to non-UK domiciles.
United Kingdom | 14 Jul 16
Most UK advisers unconcerned about robo-advice
Advisers in the UK do not see the launch of online robo-advice alternatives as a threat to their face-to-face advice business models, research from MetLife shows.
AJ Bell relabels property funds in Sipps after suspensions
Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.