United Kingdom
United Kingdom | 23 Feb 16
Financial advice for older consumers: What IFAs need to know
Older consumers are a diverse population, with different beliefs, behaviours and needs, all of which affect the way in which they interact with money and financial services, according to a new discussion paper from the Financial Conduct Authority. So, what do IFAs need to take into account to meet their needs? Click through the pictures below to find out.
Offshore Bonds | 23 Feb 16
Prudential’s IPB offshore bond records solid growth
As part of its 2016 bonus declaration, Prudential has announced that the sterling tranche of its International Prudence Bond (IPB), an offshore bond sold to UK expats, has grown 6.7% in year-on-year terms since it was launched 14 years ago.
Tax & Regulation | 23 Feb 16
FCA fine WH Ireland £1.2m for market abuse failures
UK wealth manager WH Ireland has been fined £1.2m ($1.7m) and restricted for 72 days from taking on new corporate broking clients for failing to sufficiently protect against the risk of market abuse.
HSBC Q4 numbers disappoint on bank levy, oil losses
A disappointing fourth quarter saw HSBC report a 7% drop in adjusted pre-tax profit to $20.4bn for the full year to end 2015
Tax & Regulation | 22 Feb 16
UK 25% pension tax free lump sum in danger, say Royal London
If UK chancellor George Osborne opts to introduce a new Isa-style pension system in next month’s budget it spells the end of the 25% tax free lump sum allowance, says Steve Webb, director of policy for Royal London.