United Kingdom
Tax & Regulation | 6 Jun 16
Offshore film scheme gang found guilty of £100m HMRC fraud
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.
Retirement | 3 Jun 16
Watchdog tells wrongly-advised client to pay £1,700 exit fee
A decision by Friends Life to charge a client a £1,700 exit fee for transferring a planned pension has been upheld by the UK’s Pensions Ombudsman Service (POS), despite being wrongly advised by her IFA.
Multi Asset | 3 Jun 16
Multi-asset funds best placed to hit client targets: BNP Paribas
In a low yielding and high risk world multi-asset funds are best placed to meet the investment outcomes clients require, says Colin Graham, head of active asset allocation, multi asset solutions for BNP Paribas Investment Partners.
Best Practice | 2 Jun 16
Better investor defences may fill advice gap – Axa’s Willoughby
Some form of state-provided consumer protection covering financial products is needed to overcome the “advice gap” in the UK, says Simon Willoughby, head of Proposition for Axa Wealth International.
Nearly a quarter of UK advisers to vote Brexit, says Apfa
Around 24% of financial advisers in the UK will vote for Britain to leave the European Union, research from the Association of Professional Financial Advisers (Apfa) shows.