United Kingdom
Retirement | 29 Apr 16
FCA details the prices charged by UK advice firms
UK financial advisers charge between 1% and 4.5% of investible assets for their initial financial planning advice to clients with up to £50,000 ($73,000, €64,000), a survey by the Financial Conduct Authority has found.
Retirement | 29 Apr 16
Mind the gap: Age a major factor in financial knowledge
There are key generational differences in attitudes towards financial priorities and money management in the UK, but employees of all ages have major gaps in their financial knowledge, according to consultancy and actuarial services firm Barnett Waddingham.
Retirement | 27 Apr 16
HMRC data shows £4.4bn withdrawn since UK pension reforms
Nearly £4.4bn ($6.4bn, €5.7bn) has been paid out of UK pensions since reforms came into effect in April last year, according to the latest figures published by HM Revenue & Customs (HMRC).
Macro Views | 27 Apr 16
Lacklustre UK GDP growth at 0.4% in Q1
The latest official UK GDP figures showed 0.4% growth in the first quarter of 2016 in line with forecasts, and down from 0.6% the previous quarter.
Tax & Regulation | 27 Apr 16
FCA probes a further 44 firms over Panama Papers
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak.