United Kingdom
L&G consolidation continues with Suffolk Life sale
Legal & General has further rationalised its offering by announcing the sale of Sipp provider Suffolk Life to Curtis Banks Group. The move follows L&G’s recent decision to dispose of non-core businesses, which saw it withdraw from France, Ireland, and Egypt in 2015.
GCP launches first UK infrastructure fund for offshore bonds
Gravis Capital Partners, a specialist investment advisory firm, has announced the launch of the first UK-focused open-ended infrastructure fund.
Tax & Regulation | 13 Jan 16
Overseas pension transfers challenging for int’l advisers
There would be widespread support from international advisers for the UK’s Department for Work and Pensions (DWP) to reassess changes to overseas pension transfers, according to research from Old Mutual International (OMI).
MetLife calls for light touch UK financial advice regulation
Insurance giant MetLife has weighed into the debate over the financial advice gap in the UK, arguing its research shows the cost of providing advice is stopping advisers expanding to offer their services to mass market.
Tax & Regulation | 12 Jan 16
UK adviser gets five years for tax evasion
A UK tax adviser and accountant has been jailed for five years after being found guilty of evading more than £6m in tax for himself and his clients, who were mostly from the media and entertainment industry.